Stratos Wealth Partners LTD. Sells 4,586 Shares of KKR & Co. Inc. $KKR

Key Points

• Stratos Wealth Partners LTD. reduced its stake in KKR & Co. Inc. by 53.5%, selling 4,586 shares during the second quarter, which left them with 3,985 shares valued at approximately $530,000.
• KKR & Co. Inc. reported quarterly earnings of $1.18 EPS, exceeding analysts' expectations, with revenue of $1.86 billion compared to estimates of $1.81 billion.
• The company recently increased its quarterly dividend to $0.185 per share, representing a 0.6% yield, up from the previous dividend of $0.18.

Stratos Wealth Partners LTD. cut its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 53.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,985 shares of the asset manager's stock after selling 4,586 shares during the period. Stratos Wealth Partners LTD.'s holdings in KKR & Co. Inc. were worth $530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB increased its position in shares of KKR & Co. Inc. by 6.7% during the second quarter. Nordea Investment Management AB now owns 53,472 shares of the asset manager's stock valued at $7,112,000 after purchasing an additional 3,370 shares during the period. Harbor Asset Planning Inc. acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at $159,000. Uptick Partners LLC acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at $255,000. Rosenberg Matthew Hamilton boosted its stake in KKR & Co. Inc. by 71.7% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 2,012 shares of the asset manager's stock valued at $268,000 after buying an additional 840 shares in the last quarter. Finally, Mutual Advisors LLC boosted its stake in KKR & Co. Inc. by 4.7% in the 2nd quarter. Mutual Advisors LLC now owns 9,798 shares of the asset manager's stock valued at $1,303,000 after buying an additional 436 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $120.93 on Friday. 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 firm has a market cap of $107.74 billion, a P/E ratio of 56.24, a P/E/G ratio of 1.38 and a beta of 1.91. The business's fifty day moving average is $134.35 and its two-hundred day moving average is $129.16. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the previous year, the firm earned $1.09 earnings per share. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend 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 currently 34.42%.

Insider Activity

In other 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 transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 39.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KKR has been the topic of several recent analyst reports. Weiss Ratings lowered KKR & Co. Inc. from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an "outperform" rating and a $148.00 price target on the stock. Citigroup decreased their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. Evercore ISI boosted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Barclays boosted their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $157.27.

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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