HB Wealth Management LLC Boosts Holdings in KKR & Co. Inc. $KKR

Key Points

• HB Wealth Management LLC increased its stake in KKR & Co. Inc. by 4.4%, holding 79,111 shares valued at approximately $10.5 million as of the 2nd quarter.
• KKR & Co. Inc. reported earnings of $1.18 per share for the last quarter, exceeding analyst expectations and generating revenues of $1.86 billion.
• The company recently raised its quarterly dividend from $0.18 to $0.185 per share, providing a yield of 0.6% for its shareholders.

HB Wealth Management LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,111 shares of the asset manager's stock after purchasing an additional 3,304 shares during the quarter. HB Wealth Management LLC's holdings in KKR & Co. Inc. were worth $10,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in shares of KKR & Co. Inc. by 26.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 292,561 shares of the asset manager's stock worth $38,919,000 after purchasing an additional 61,571 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter worth about $244,000. GC Wealth Management RIA LLC purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter worth about $2,314,000. Enclave Advisors LLC bought a new stake in KKR & Co. Inc. in the 2nd quarter worth about $268,000. Finally, Genesis Private Wealth LLC increased its holdings in KKR & Co. Inc. by 9.1% in the 2nd quarter. Genesis Private Wealth LLC now owns 4,504 shares of the asset manager's stock worth $599,000 after buying an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 0.2%

KKR & Co. Inc. stock opened at $134.33 on Tuesday. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $119.68 billion, a P/E ratio of 62.48, a P/E/G ratio of 1.47 and a beta of 1.93. The business has a 50-day simple moving average of $142.69 and a two-hundred day simple moving average of $128.18.

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 for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.81 billion. During the same period in the previous year, the firm earned $1.09 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. 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 transaction, the chairman directly owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KKR shares. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Evercore ISI lifted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods lifted their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Piper Sandler started coverage on KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective for the company. Finally, HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target for the company. in a research note on Wednesday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $158.07.

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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