KKR & Co. Inc. $KKR Shares Bought by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its position in KKR & Co. Inc. by 7.9%, acquiring an additional 5,370 shares and bringing its total holdings to 73,561 shares valued at approximately $8.5 million.
• Analysts have varying ratings on KKR, with a consensus rating of "Moderate Buy" and a price target of around $157.73, reflecting optimism amidst market fluctuations.
• Insider sales included significant transactions by chairman Henry R. Kravis and George R. Roberts, who collectively sold over 2.3 million shares valued at approximately $280 million.

Kestra Advisory Services LLC raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 7.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 73,561 shares of the asset manager's stock after buying an additional 5,370 shares during the period. Kestra Advisory Services LLC's holdings in KKR & Co. Inc. were worth $8,504,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KKR. Brighton Jones LLC boosted its position in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. MGO One Seven LLC boosted its position in KKR & Co. Inc. by 37.6% in the 4th quarter. MGO One Seven LLC now owns 3,788 shares of the asset manager's stock worth $560,000 after purchasing an additional 1,035 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in KKR & Co. Inc. by 54.1% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 30,622 shares of the asset manager's stock worth $4,529,000 after purchasing an additional 10,748 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in KKR & Co. Inc. by 28.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,208 shares of the asset manager's stock worth $622,000 after purchasing an additional 941 shares in the last quarter. Finally, Prosperity Consulting Group LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $285,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

KKR has been the subject of a number of recent analyst reports. Oppenheimer boosted their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods boosted their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" 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 research report on Saturday, August 2nd. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective for the company. in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.07.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred 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 completion of the transaction, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Henry R. Kravis sold 130,925 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,281,394 shares of company stock worth $413,158,033 in the last ninety days. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Down 0.2%

Shares of KKR & Co. Inc. stock traded down $0.28 during trading hours on Thursday, hitting $140.19. The company's stock had a trading volume of 3,663,052 shares, compared to its average volume of 4,793,702. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The firm has a fifty day moving average of $140.76 and a 200-day moving average of $126.25. The stock has a market cap of $124.90 billion, a price-to-earnings ratio of 65.20, a P/E/G ratio of 1.54 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS 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 business 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 company posted $1.09 EPS. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) 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.