Kingswood Wealth Advisors LLC Cuts Holdings in KKR & Co. Inc. (NYSE:KKR)

Kingswood Wealth Advisors LLC decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,917 shares of the asset manager's stock after selling 2,165 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in KKR & Co. Inc. were worth $453,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KKR. Tallon Kerry Patrick purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $207,000. Brighton Jones LLC increased its holdings in KKR & Co. Inc. by 109.6% during 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 during the period. D.A. Davidson & CO. increased its holdings in KKR & Co. Inc. by 16.1% during the 4th quarter. D.A. Davidson & CO. now owns 8,331 shares of the asset manager's stock worth $1,232,000 after purchasing an additional 1,158 shares during the period. Global Retirement Partners LLC increased its holdings in KKR & Co. Inc. by 98.8% during the 4th quarter. Global Retirement Partners LLC now owns 7,912 shares of the asset manager's stock worth $1,170,000 after purchasing an additional 3,933 shares during the period. Finally, Private Advisor Group LLC increased its holdings in KKR & Co. Inc. by 5.6% during the 4th quarter. Private Advisor Group LLC now owns 18,042 shares of the asset manager's stock worth $2,669,000 after purchasing an additional 953 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.1%

Shares of NYSE KKR opened at $122.59 on Friday. The stock has a market cap of $109.19 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. 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. The business has a 50-day moving average price of $117.65 and a 200 day moving average price of $130.25.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business's revenue was down 67.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KKR shares. JMP Securities dropped their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Bank of America dropped their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Barclays increased their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price objective for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Buy" and an average target price of $149.43.

Insiders Place Their Bets

In related news, Director Timothy R. Barakett acquired 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the transaction, the director now owns 185,000 shares of the company's stock, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider now directly owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.