SageView Advisory Group LLC Sells 3,825 Shares of KKR & Co. Inc. $KKR

Key Points

• SageView Advisory Group LLC reduced its holdings in KKR & Co. Inc. by 57.6%, selling 3,825 shares and leaving them with 2,813 shares worth approximately $325,000.
• Analysts are optimistic about KKR's stock, with several raising their price targets; Citigroup increased its target from $160 to $170, giving it a "buy" rating.
• KKR recently declared a quarterly dividend of $0.185, which represents a slight increase from the previous dividend of $0.18 and reflects a yield of 0.5%.

SageView Advisory Group LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 57.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,813 shares of the asset manager's stock after selling 3,825 shares during the quarter. SageView Advisory Group LLC's holdings in KKR & Co. Inc. were worth $325,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. PFG Advisors raised its position 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 acquiring an additional 90 shares in the last quarter. First Bank & Trust raised its position in KKR & Co. Inc. by 1.3% during the first 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 raised its position in KKR & Co. Inc. by 1.8% during the first quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager's stock worth $672,000 after acquiring an additional 100 shares in the last quarter. Manchester Capital Management LLC raised its position in KKR & Co. Inc. by 2.3% during the first quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager's stock worth $535,000 after acquiring an additional 104 shares in the last quarter. Finally, Kovack Advisors Inc. raised its position in KKR & Co. Inc. by 2.7% during the first quarter. Kovack Advisors Inc. now owns 4,246 shares of the asset manager's stock worth $491,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KKR shares. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Oppenheimer upped 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 report on Monday, July 14th. Citigroup upped 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 report on Friday, August 1st. HSBC lowered 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 report on Wednesday, July 9th. Finally, Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $143.48 on Friday. The firm has a market capitalization of $127.83 billion, a PE ratio of 66.74, a PEG ratio of 1.60 and a beta of 1.93. The company's 50-day moving average is $142.43 and its 200-day moving average is $126.39. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

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 for the quarter, beating the consensus estimate 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 analyst estimates of $1.81 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value 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. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 39.34% of the company's stock.

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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