Corient Private Wealth LP Reduces Stock Position in KKR & Co. Inc. $KKR

Key Points

• Corient Private Wealth reduced its KKR position by 26% in the second quarter, selling 86,400 shares and retaining 245,319 shares worth approximately $22.5 million. Institutional investors collectively own 76.26% of KKR’s stock.
• KKR insider Dane Holmes sold 10,000 shares for about $1.09 million, reducing his position by 54.02%. Corporate insiders currently own 23.20% of the company.
• Analyst sentiment remains positive, with 12 Buy ratings and three Holds, producing a “Moderate Buy” consensus and a $130 price target. KKR also exceeded quarterly earnings expectations, reporting $1.63 EPS versus the $1.43 consensus estimate.

Corient Private Wealth LP cut its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 26.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,319 shares of the asset manager's stock after selling 86,400 shares during the quarter. Corient Private Wealth LP's holdings in KKR & Co. Inc. were worth $22,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $27,000. SouthState Bank Corp raised its holdings in shares of KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after acquiring an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $29,000. MV Capital Management Inc. purchased a new stake in KKR & Co. Inc. in the fourth quarter worth $31,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in KKR & Co. Inc. in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider owned 8,513 shares in the company, valued at $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on KKR. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a "moderate buy" rating in a research report on Monday, July 20th. Argus lifted their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Zacks Research raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 28th. Royal Bank Of Canada boosted their price target on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, Barclays increased their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.

KKR & Co. Inc. Stock Down 0.0%

NYSE:KKR opened at $101.08 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The firm's 50-day moving average price is $103.86 and its 200-day moving average price is $97.98. The company has a market capitalization of $90.73 billion, a PE ratio of 32.19, a P/E/G ratio of 0.95 and a beta of 1.79. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $152.10.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The company had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period last year, the company posted $1.18 EPS. On average, equities analysts predict that KKR & Co. Inc. will post 5.66 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 24.84%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR's investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.

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