Chicago Partners Investment Group LLC Decreases Position in KKR & Co. Inc. $KKR

Key Points

• Chicago Partners Investment Group LLC has reduced its position in KKR & Co. Inc. by 4.4%, now owning a total of 68,124 shares valued at approximately $9 million.
• Analysts have mixed views on KKR's performance, with ratings ranging from "strong buy" to "sell," and an average target price of $156.20.
• The company recently increased its quarterly dividend to $0.185, representing a positive change from the previous quarter's dividend of $0.18.

Chicago Partners Investment Group LLC decreased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,124 shares of the asset manager's stock after selling 3,166 shares during the quarter. Chicago Partners Investment Group LLC's holdings in KKR & Co. Inc. were worth $9,063,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of KKR. Saudi Central Bank bought a new stake in KKR & Co. Inc. in the first quarter worth $28,000. DiNuzzo Private Wealth Inc. raised its stake in shares of KKR & Co. Inc. by 790.3% in the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager's stock valued at $37,000 after acquiring an additional 245 shares during the period. Mountain Hill Investment Partners Corp. purchased a new stake in shares of KKR & Co. Inc. in the first quarter valued at $38,000. GW&K Investment Management LLC lifted its holdings in shares of KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after acquiring an additional 111 shares during the last quarter. Finally, SouthState Corp purchased a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $44,000. Institutional investors own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KKR shares. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an "outperform" rating and a $148.00 price objective on the stock. Weiss Ratings cut KKR & Co. Inc. from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Evercore ISI upped their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $156.20.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the sale, the chairman owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Up 0.1%

NYSE:KKR opened at $117.69 on Friday. The firm has a 50-day simple moving average of $136.23 and a 200-day simple moving average of $128.70. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a market cap of $104.86 billion, a P/E ratio of 54.74, a P/E/G ratio of 1.32 and a beta of 1.91. 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 issued its quarterly earnings data 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 company 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 6.30%. During the same period last year, the company posted $1.09 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

KKR & Co. Inc. Profile

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.

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