Atria Wealth Solutions Inc. Reduces Holdings in KKR & Co. Inc. (NYSE:KKR)

Atria Wealth Solutions Inc. lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,881 shares of the asset manager's stock after selling 1,745 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in KKR & Co. Inc. were worth $6,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in KKR & Co. Inc. in the 4th quarter worth $50,199,000. Valeo Financial Advisors LLC raised its stake in KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock worth $818,000 after acquiring an additional 2,006 shares during the last quarter. CWM LLC lifted its position in KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager's stock worth $1,039,000 after acquiring an additional 398 shares during the period. Finally, Western Financial Corp CA purchased a new stake in KKR & Co. Inc. during the 1st quarter valued at about $739,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on KKR shares. Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. JMP Securities restated a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Barclays upped their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $157.73.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $144.65 on Thursday. The company's fifty day moving average price is $134.14 and its 200 day moving average price is $128.12. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market capitalization of $128.83 billion, a P/E ratio of 67.28, a P/E/G ratio of 1.54 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. During the same quarter last year, the business earned $1.09 earnings per share. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be paid a $0.185 dividend. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s payout ratio is currently 34.42%.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the transaction, the chairman directly owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy R. Barakett acquired 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the acquisition, the director directly owned 185,000 shares in the company, valued at $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Insiders own 39.34% of the company's stock.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.