KKR & Co. Inc. $KKR Shares Acquired by Consilium Wealth Advisory LLC

Key Points

• Consilium Wealth Advisory LLC increased its stake in KKR & Co. Inc. by 109.2%, holding a total of 9,301 shares valued at approximately $1.24 million.
• The company's quarterly dividend was raised to $0.185 per share, yielding 0.6% annually, indicating a commitment to returning value to shareholders despite modest ownership changes among insiders.
• Analysts have varying outlooks, with a consensus average rating of "Moderate Buy" and a target price of $157.40, reflecting optimism about KKR's future performance.

Consilium Wealth Advisory LLC grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 109.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,301 shares of the asset manager's stock after purchasing an additional 4,855 shares during the quarter. Consilium Wealth Advisory LLC's holdings in KKR & Co. Inc. were worth $1,237,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of KKR & Co. Inc. in the first quarter valued at about $28,000. DiNuzzo Private Wealth Inc. grew its position in shares of KKR & Co. Inc. by 790.3% in the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager's stock valued at $37,000 after purchasing an additional 245 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in shares of KKR & Co. Inc. in the first quarter valued at about $38,000. GW&K Investment Management LLC grew its position 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 valued at $42,000 after purchasing an additional 111 shares during the period. Finally, SouthState Corp acquired a new stake in shares of KKR & Co. Inc. in the first quarter valued at about $44,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KKR. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. HSBC downgraded shares of 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. Citigroup raised their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target on the stock. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus target price of $157.40.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $127.51 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm's 50-day moving average is $140.96 and its two-hundred day moving average is $128.34. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market capitalization of $113.60 billion, a PE ratio of 59.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued 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 net margin of 12.95% and a return on equity of 6.30%. 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 firm earned $1.09 earnings per share. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

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.

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR - Free Report).

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.