Janney Montgomery Scott LLC Purchases 61,571 Shares of KKR & Co. Inc. $KKR

Key Points

• Janney Montgomery Scott LLC increased its stake in KKR & Co. Inc. by 26.7%, acquiring an additional 61,571 shares during the second quarter, now holding a total of 292,561 shares valued at approximately $38.9 million.
• KKR’s Chairman, George R. Roberts, sold over 809,906 shares at an average price of $144.25, decreasing his ownership by 0.99%.
• KKR recently announced a quarterly dividend increase to $0.185 per share, reflecting an annualized yield of 0.6% and a dividend payout ratio of 34.42%.

Janney Montgomery Scott LLC lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 26.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 292,561 shares of the asset manager's stock after buying an additional 61,571 shares during the period. Janney Montgomery Scott LLC's holdings in KKR & Co. Inc. were worth $38,919,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Saudi Central Bank purchased a new position in shares of KKR & Co. Inc. in the first quarter worth $28,000. Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. during the 1st quarter valued at about $38,000. GW&K Investment Management LLC lifted its stake in KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after acquiring an additional 111 shares during the period. SouthState Corp purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at about $44,000. Finally, Meeder Asset Management Inc. grew its position in KKR & Co. Inc. by 112.9% in the 1st quarter. Meeder Asset Management Inc. now owns 396 shares of the asset manager's stock worth $46,000 after purchasing an additional 210 shares during the period. Institutional investors own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction dated 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 $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Down 3.5%

KKR opened at $129.75 on Wednesday. The company has a market capitalization of $115.60 billion, a PE ratio of 60.35, a price-to-earnings-growth ratio of 1.47 and a beta of 1.93. The firm has a 50-day simple moving average of $142.39 and a two-hundred day simple moving average of $128.19. 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 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $1.09 earnings per share. Analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. 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 (DPR) is 34.42%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. 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 objective on the stock. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a report on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.07.

KKR & Co. Inc. Company 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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