GC Wealth Management RIA LLC Takes Position in KKR & Co. Inc. $KKR

GC Wealth Management RIA LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 17,395 shares of the asset manager’s stock, valued at approximately $2,314,000.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI raised its holdings in shares of KKR & Co. Inc. by 44.0% in the first 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 raised its holdings in shares of 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 worth $818,000 after buying an additional 2,006 shares during the period. CWM LLC raised its holdings in shares of KKR & Co. Inc. by 4.6% in the first 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. Western Financial Corp CA purchased a new stake in shares of KKR & Co. Inc. in the first quarter worth approximately $739,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of KKR & Co. Inc. in the first quarter worth approximately $463,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Down 1.3%

KKR opened at $133.84 on Monday. The stock’s fifty day moving average is $142.89 and its two-hundred day moving average is $128.04. The company has a market capitalization of $119.24 billion, a P/E ratio of 62.25, a PEG ratio of 1.47 and a beta of 1.93. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. 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. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate 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 business posted $1.09 EPS. Analysts forecast 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 given a dividend of $0.185 per share. 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. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is 34.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KKR shares. Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. JMP Securities reiterated a “market perform” rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a report on Monday, July 14th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. Barclays increased their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Citizens Jmp downgraded KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $158.07.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the 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 sale, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 39.34% of the company’s stock.

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.