Atria Wealth Solutions Inc. Sells 55,263 Shares of KKR & Co. Inc. $KKR

Atria Wealth Solutions Inc. lowered its position in KKR & Co. Inc. (NYSE:KKR) by 95.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,618 shares of the asset manager’s stock after selling 55,263 shares during the period. Atria Wealth Solutions Inc.’s holdings in KKR & Co. Inc. were worth $348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $218,000. Blue Trust Inc. grew its holdings in shares of KKR & Co. Inc. by 17.5% in the first quarter. Blue Trust Inc. now owns 2,715 shares of the asset manager’s stock valued at $314,000 after acquiring an additional 404 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of KKR & Co. Inc. during the first quarter valued at approximately $2,265,000. Finally, Hudson Value Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the first quarter valued at approximately $906,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 2.2%

Shares of KKR opened at $120.20 on Tuesday. The business has a 50-day moving average of $135.80 and a 200 day moving average of $129.08. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market cap of $107.09 billion, a P/E ratio of 55.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

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, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the prior year, the firm earned $1.09 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. 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. KKR & Co. Inc.’s payout ratio is presently 34.42%.

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 in the company, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 39.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on KKR. JMP Securities reissued a “market perform” rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a research report on Monday, July 14th. 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. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target for the company. in a research report on Wednesday, July 9th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Citigroup dropped their target price on shares of 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. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.20.

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.