RMR Wealth Builders Acquires New Holdings in KKR & Co. Inc. $KKR

Key Points

• RMR Wealth Builders has acquired 1,815 shares of KKR & Co. Inc., valued at approximately $241,000, as part of its second quarter investment strategy.
• Chairman George R. Roberts sold 809,906 shares of KKR stock worth over $116 million, reducing his ownership slightly to 81.36 million shares.
• KKR recently announced an increase in its quarterly dividend to $0.185, reflecting a positive adjustment from its previous dividend and a yield of 0.5%.

RMR Wealth Builders acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,815 shares of the asset manager's stock, valued at approximately $241,000.

Other institutional investors also recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $50,199,000. National Bank of Canada FI increased its position in KKR & Co. Inc. by 44.0% in the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock worth $90,078,000 after buying an additional 237,987 shares during the period. Valeo Financial Advisors LLC increased its position in KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock worth $818,000 after buying an additional 2,006 shares during the period. Finally, CWM LLC increased its position in KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager's stock worth $1,039,000 after buying an additional 398 shares during the period. 76.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction dated 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 transaction, the chairman owned 81,361,978 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. 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. Finally, Barclays boosted their price objective on 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 equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.07.

KKR & Co. Inc. Trading Up 1.0%

Shares of KKR opened at $144.71 on Tuesday. 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 12-month low of $86.15 and a 12-month high of $170.40. The firm has a market capitalization of $128.93 billion, a PE ratio of 67.31, a price-to-earnings-growth ratio of 1.58 and a beta of 1.93. The stock's fifty day simple moving average is $142.61 and its 200-day simple moving average is $126.37.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share 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 firm 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 firm posted $1.09 earnings per share. As a group, research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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