Mirador Capital Partners LP Has $13.31 Million Stock Holdings in KKR & Co. Inc. $KKR

Key Points

• Mirador Capital Partners LP increased its stake in KKR & Co. Inc. by 2.2%, bringing its total shares to 100,080, valued at approximately $13.31 million.
• KKR & Co. Inc. received various ratings from analysts, with Oppenheimer raising its price target from $149 to $162, and Barclays moving it from $155 to $165, reflecting a general consensus of a Moderate Buy rating.
• KKR & Co. Inc. declared a quarterly dividend of $0.185 per share, slightly up from its previous dividend of $0.18, with a current dividend yield of 0.5%.

Mirador Capital Partners LP grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,080 shares of the asset manager's stock after purchasing an additional 2,157 shares during the period. KKR & Co. Inc. comprises approximately 2.2% of Mirador Capital Partners LP's holdings, making the stock its 12th biggest holding. Mirador Capital Partners LP's holdings in KKR & Co. Inc. were worth $13,314,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. PFG Advisors grew its stake in KKR & Co. Inc. by 4.5% during the first quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock worth $239,000 after buying an additional 90 shares during the last quarter. Chemistry Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. by 0.7% in the 2nd quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager's stock worth $1,628,000 after acquiring an additional 90 shares in the last quarter. First Bank & Trust boosted its holdings in shares of KKR & Co. Inc. by 1.3% in the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after acquiring an additional 98 shares in the last quarter. MGB Wealth Management LLC boosted its stake in KKR & Co. Inc. by 1.8% in the first quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager's stock worth $672,000 after purchasing an additional 100 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in KKR & Co. Inc. by 2.3% in the first quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager's stock worth $535,000 after purchasing an additional 104 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target on the stock. 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 upped 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. Finally, Barclays upped their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $158.07.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction on 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 in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $144.29 on Wednesday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company's 50 day moving average price is $142.74 and its two-hundred day moving average price is $126.49. The company has a market capitalization of $128.56 billion, a P/E ratio of 67.11, a price-to-earnings-growth ratio of 1.59 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm earned $1.09 EPS. On average, analysts expect 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 declared 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 is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. 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.

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