Arkadios Wealth Advisors Has $2.44 Million Position in KKR & Co. Inc. $KKR

Arkadios Wealth Advisors lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,330 shares of the asset manager’s stock after purchasing an additional 541 shares during the period. Arkadios Wealth Advisors’ holdings in KKR & Co. Inc. were worth $2,438,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. during the first quarter valued at $28,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 245 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. during the first quarter valued at $38,000. GW&K Investment Management LLC lifted its stake in shares of KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 111 shares during the period. Finally, SouthState Corp acquired a new position in shares of KKR & Co. Inc. during the first quarter valued at $44,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity

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 value of $116,828,940.50. Following the completion of the sale, the chairman directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KKR shares. Citigroup cut their price target on 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. Barclays lifted their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

KKR & Co. Inc. Price Performance

KKR opened at $118.03 on Friday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The firm has a market capitalization of $105.15 billion, a PE ratio of 54.90, a P/E/G ratio of 1.33 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. The company has a fifty day moving average price of $132.40 and a two-hundred day moving average price of $129.98.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $1.09 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

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.