Compagnie Lombard Odier SCmA Sells 1,876 Shares of KKR & Co. Inc. $KKR

Key Points

• Compagnie Lombard Odier SCmA has reduced its holdings in KKR & Co. Inc. by 71.0%, now owning only 765 shares worth approximately $102,000.
• Insider trading activity includes Chairman George R. Roberts selling 809,906 shares at an average price of $144.25, representing a 0.99% decrease in his ownership.
• KKR & Co. Inc. recently increased its quarterly dividend to $0.185, up from $0.18, which translates to an annualized yield of 0.5%.

Compagnie Lombard Odier SCmA trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 71.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 765 shares of the asset manager's stock after selling 1,876 shares during the period. Compagnie Lombard Odier SCmA's holdings in KKR & Co. Inc. were worth $102,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after buying an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $218,000. Two Sigma Investments LP increased its position in KKR & Co. Inc. by 0.8% in the 4th quarter. Two Sigma Investments LP now owns 29,558 shares of the asset manager's stock valued at $4,372,000 after acquiring an additional 234 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of KKR & Co. Inc. by 0.6% in the fourth quarter. Toronto Dominion Bank now owns 220,987 shares of the asset manager's stock worth $32,686,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $46,000. Institutional investors own 76.26% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on KKR shares. Piper Sandler began coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target for the company. Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Barclays boosted their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average target price of $158.07.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Up 0.2%

Shares of KKR & Co. Inc. stock opened at $147.21 on Wednesday. The business has a fifty day simple moving average of $143.48 and a 200 day simple moving average of $127.40. The stock has a market cap of $131.15 billion, a PE ratio of 68.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, August 11th. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s payout ratio is currently 34.42%.

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.

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