Farther Finance Advisors LLC Acquires 7,070 Shares of KKR & Co. Inc. $KKR

Key Points

• Farther Finance Advisors LLC increased its position in KKR & Co. Inc. by 48.0%, acquiring an additional 7,070 shares during the second quarter, totaling 21,791 shares valued at $2,899,000.
• Chairman George R. Roberts sold 809,906 shares for approximately $116.83 million, decreasing his ownership in the company by 0.99%.
• KKR & Co. Inc. recently announced an increase in its quarterly dividend to $0.185 per share, reflecting a positive change from the previous $0.18.

Farther Finance Advisors LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 48.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,791 shares of the asset manager's stock after acquiring an additional 7,070 shares during the period. Farther Finance Advisors LLC's holdings in KKR & Co. Inc. were worth $2,899,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in KKR & Co. Inc. in the 1st quarter worth approximately $28,000. Mascagni Wealth Management Inc. purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $31,000. Mountain Hill Investment Partners Corp. bought a new stake in KKR & Co. Inc. during the first quarter valued at approximately $38,000. GW&K Investment Management LLC raised its stake in shares of KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after buying an additional 111 shares during the period. Finally, SouthState Corp purchased a new position in shares of KKR & Co. Inc. during the 1st quarter valued at $44,000. Institutional investors own 76.26% of the company's stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction on Thursday, August 7th. The shares were 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 approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $2.11 during trading hours on Monday, hitting $146.81. The stock had a trading volume of 3,652,013 shares, compared to its average volume of 3,055,045. The company has a market cap of $130.80 billion, a PE ratio of 68.28, a price-to-earnings-growth ratio of 1.64 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 fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a 50-day moving average of $143.27 and a two-hundred day moving average of $127.26.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the prior year, the business earned $1.09 EPS. On average, equities research 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. Investors of record on Monday, August 11th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

Analyst Upgrades and Downgrades

KKR has been the subject of several research reports. Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. JMP Securities reissued a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Barclays increased their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research note on Wednesday, July 9th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and an average target price of $158.07.

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.