KKR & Co. Inc. $KKR Shares Acquired by Catalyst Private Wealth LLC

Catalyst Private Wealth LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 22.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,516 shares of the asset manager’s stock after acquiring an additional 643 shares during the period. Catalyst Private Wealth LLC’s holdings in KKR & Co. Inc. were worth $468,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KKR. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $26,000. Saudi Central Bank acquired a new position in KKR & Co. Inc. in the 1st quarter valued at about $28,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $31,000. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. in the 1st quarter valued at about $38,000. Finally, GW&K Investment Management LLC increased its position in 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 acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $144.29 on Wednesday. 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 quick ratio of 0.08 and a current ratio of 0.08. The stock’s 50 day moving average price is $142.74 and its 200 day moving average price is $126.49. The firm has a market cap of $128.56 billion, a P/E ratio of 67.11, a PEG ratio of 1.59 and a beta of 1.93.

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, beating analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company earned $1.09 EPS. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio is currently 34.42%.

Analyst Ratings Changes

KKR has been the topic of several recent research reports. Piper Sandler initiated coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an “overweight” rating and a $150.00 price target on the stock. Barclays lifted their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 4th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective on the stock. in a report on Wednesday, July 9th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. Finally, Oppenheimer lifted their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.07.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction on 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 transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.