Wealth Preservation Advisors LLC Makes New Investment in KKR & Co. Inc. $KKR

Key Points

• Wealth Preservation Advisors LLC acquired a new position in KKR & Co. Inc. by purchasing 4,000 shares valued at approximately $462,000 during the first quarter.
• Insider selling has occurred notably, with Chairman George R. Roberts selling over 809,000 shares, reducing his ownership by 0.99% and bringing his total shares to 81.36 million.
• KKR & Co. Inc. has recently increased its quarterly dividend to $0.185 per share, up from the previous $0.18, indicating a positive cash flow despite a conservative payout ratio of 34.42%.

Wealth Preservation Advisors LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the asset manager's stock, valued at approximately $462,000.

A number of other hedge funds have also made changes to their positions in the stock. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of KKR & Co. Inc. by 14.2% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 50,765 shares of the asset manager's stock valued at $5,869,000 after acquiring an additional 6,316 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of KKR & Co. Inc. by 35.9% during the 1st quarter. CreativeOne Wealth LLC now owns 2,615 shares of the asset manager's stock valued at $302,000 after acquiring an additional 691 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of KKR & Co. Inc. by 1,165.8% during the 1st quarter. Ieq Capital LLC now owns 61,634 shares of the asset manager's stock valued at $7,125,000 after acquiring an additional 56,765 shares during the last quarter. Samalin Investment Counsel LLC increased its holdings in shares of KKR & Co. Inc. by 22.4% during the 1st quarter. Samalin Investment Counsel LLC now owns 4,932 shares of the asset manager's stock valued at $570,000 after acquiring an additional 904 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of KKR & Co. Inc. by 1.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 369,816 shares of the asset manager's stock valued at $42,754,000 after acquiring an additional 5,108 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the transaction, the chairman directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at $8,746,121,435.60. This represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,281,394 shares of company stock worth $413,158,033 over the last 90 days. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $0.48 during mid-day trading on Friday, reaching $139.61. The company had a trading volume of 2,421,632 shares, compared to its average volume of 3,179,577. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month 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. The company's 50-day moving average is $141.10 and its 200-day moving average is $126.14. The company has a market capitalization of $124.38 billion, a P/E ratio of 64.93, a P/E/G ratio of 1.54 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations 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 period last year, the firm posted $1.09 EPS. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays increased their target price 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. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Evercore ISI increased their target price 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. Citigroup increased their target price on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $158.07.

KKR & Co. Inc. Company 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.