Perfromance Wealth Partners LLC Sells 97,984 Shares of KKR & Co. Inc. $KKR

Perfromance Wealth Partners LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 32.4% in the second quarter, Holdings Channel reports. The fund owned 203,977 shares of the asset manager’s stock after selling 97,984 shares during the quarter. KKR & Co. Inc. accounts for about 0.9% of Perfromance Wealth Partners LLC’s portfolio, making the stock its 16th largest position. Perfromance Wealth Partners LLC’s holdings in KKR & Co. Inc. were worth $27,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NorthRock Partners LLC grew its position in shares of KKR & Co. Inc. by 93.7% during the 2nd quarter. NorthRock Partners LLC now owns 4,716 shares of the asset manager’s stock valued at $628,000 after acquiring an additional 2,281 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of KKR & Co. Inc. by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 58,410 shares of the asset manager’s stock valued at $7,770,000 after acquiring an additional 400 shares during the period. Concord Asset Management LLC VA bought a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at approximately $379,000. Sequoia Financial Advisors LLC grew its position in shares of KKR & Co. Inc. by 5.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,958 shares of the asset manager’s stock valued at $3,187,000 after acquiring an additional 1,131 shares during the period. Finally, Maestria Partners LLC grew its position in shares of KKR & Co. Inc. by 20.7% during the 2nd quarter. Maestria Partners LLC now owns 164,170 shares of the asset manager’s stock valued at $21,840,000 after acquiring an additional 28,170 shares during the period. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an “overweight” rating and a $150.00 price objective for the company. Citizens Jmp downgraded shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. Finally, Weiss Ratings downgraded shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given 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 currently has an average rating of “Moderate Buy” and a consensus price target of $156.07.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were 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 in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $120.49 on Tuesday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year 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 stock has a market capitalization of $107.35 billion, a PE ratio of 56.04, a P/E/G ratio of 1.29 and a beta of 1.91. The company’s 50 day simple moving average is $137.96 and its two-hundred day simple moving average is $128.68.

KKR & Co. Inc. (NYSE:KKR) last posted 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 business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company posted $1.09 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is 34.42%.

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.