Trust Co. of Toledo NA OH Acquires New Holdings in KKR & Co. Inc. $KKR

Trust Co. of Toledo NA OH acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,987 shares of the asset manager's stock, valued at approximately $663,000.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in KKR & Co. Inc. by 44.0% during the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock valued at $90,078,000 after buying an additional 237,987 shares during the period. Valeo Financial Advisors LLC boosted its stake in KKR & Co. Inc. by 39.6% in the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock valued at $818,000 after acquiring an additional 2,006 shares in the last quarter. CWM LLC boosted its stake in KKR & Co. Inc. by 4.6% in the first quarter. CWM LLC now owns 8,987 shares of the asset manager's stock valued at $1,039,000 after acquiring an additional 398 shares in the last quarter. Western Financial Corp CA acquired a new stake in KKR & Co. Inc. in the first quarter valued at approximately $739,000. Finally, Ground Swell Capital LLC acquired a new stake in KKR & Co. Inc. in the first quarter valued at approximately $463,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on 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 completion of the transaction, the chairman owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 5.0%

Shares of KKR & Co. Inc. stock opened at $117.88 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a fifty day moving average price of $138.46 and a 200 day moving average price of $128.57. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market cap of $105.03 billion, a PE ratio of 54.83, a price-to-earnings-growth ratio of 1.28 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company posted $1.09 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued 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 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KKR. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a research note on Wednesday, July 9th. Evercore ISI raised their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an "outperform" rating and a $148.00 price target for the company. Finally, Weiss Ratings cut shares of KKR & Co. Inc. from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $157.40.

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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