Farther Finance Advisors LLC Purchases 7,070 Shares of KKR & Co. Inc. $KKR

Farther Finance Advisors LLC raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 48.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,791 shares of the asset manager’s stock after acquiring an additional 7,070 shares during the quarter. Farther Finance Advisors LLC’s holdings in KKR & Co. Inc. were worth $2,899,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of KKR. Saudi Central Bank bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $28,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $38,000. GW&K Investment Management LLC boosted its position in shares of KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after purchasing an additional 111 shares in the last quarter. Finally, SouthState Corp bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $44,000. Institutional investors 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 business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the transaction, the chairman 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $148.96 on Monday. The stock has a market cap of $132.72 billion, a PE ratio of 69.28, a PEG ratio of 1.64 and a beta of 1.93. The company’s fifty day moving average is $143.13 and its 200 day moving average is $127.04. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company earned $1.09 EPS. Research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a $0.185 dividend. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio is presently 34.42%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Finally, Piper Sandler began coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an “overweight” rating and a $150.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.07.

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.