KKR & Co. Inc. (NYSE:KKR) Shares Sold by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC reduced its position in KKR & Co. Inc. by 37.1%, selling 1,810 shares and leaving it with 3,064 shares valued at $354,000.
• Analysts maintain a consensus rating of "Moderate Buy" for KKR shares, with a target price averaging $157.73 after recent upgrades and downgrades from various firms.
• Insider transactions revealed significant sales, including Chairman George R. Roberts selling 809,906 shares for over $116 million, which slightly decreased his ownership stake.

Frank Rimerman Advisors LLC reduced its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 37.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,064 shares of the asset manager's stock after selling 1,810 shares during the quarter. Frank Rimerman Advisors LLC's holdings in KKR & Co. Inc. were worth $354,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KKR. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $26,000. Mascagni Wealth Management Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. purchased a new stake in KKR & Co. Inc. in the 1st quarter valued at approximately $38,000. GW&K Investment Management LLC boosted its holdings in KKR & Co. Inc. by 44.6% in the 1st 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 in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KKR shares. Keefe, Bruyette & Woods lifted their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Citizens Jmp downgraded KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Oppenheimer lifted their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, HSBC downgraded 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. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $157.73.

Insider Activity

In related news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction on Thursday, August 7th. The stock was 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 directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction on 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 of the company's stock, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,281,394 shares of company stock worth $413,158,033 over the last three months. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Up 0.4%

Shares of NYSE:KKR opened at $142.82 on Monday. 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 stock's fifty day simple moving average is $135.44 and its 200-day simple moving average is $127.51. The company has a market capitalization of $127.20 billion, a P/E ratio of 66.43, a P/E/G ratio of 1.54 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business earned $1.09 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a $0.185 dividend. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio 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.

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