Mycio Wealth Partners LLC Purchases Shares of 27,650 KKR & Co. Inc. $KKR

Mycio Wealth Partners LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,650 shares of the asset manager’s stock, valued at approximately $3,678,000. KKR & Co. Inc. makes up about 0.8% of Mycio Wealth Partners LLC’s portfolio, making the stock its 16th largest position.

Other large investors also recently modified their holdings of the company. Saudi Central Bank bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. grew its stake in shares of KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 245 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $38,000. GW&K Investment Management LLC grew its stake in shares of KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 111 shares during the period. Finally, SouthState Corp bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $44,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 research note on Saturday, August 2nd. Weiss Ratings lowered KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, Barclays increased their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.27.

KKR & Co. Inc. Stock Performance

KKR stock opened at $121.23 on Friday. The business’s fifty day moving average is $133.93 and its 200-day moving average is $129.35. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $108.01 billion, a P/E ratio of 56.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.91. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted 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 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 quarter in the prior year, the business posted $1.09 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio (DPR) is 34.42%.

Insider Buying and Selling

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

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.