Citizens National Bank Trust Department Has $452,000 Stock Holdings in KKR & Co. Inc. $KKR

Citizens National Bank Trust Department lowered its position in KKR & Co. Inc. (NYSE:KKR) by 4.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,400 shares of the asset manager’s stock after selling 155 shares during the period. Citizens National Bank Trust Department’s holdings in KKR & Co. Inc. were worth $452,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. lifted its position 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 worth $37,000 after purchasing an additional 245 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $38,000. GW&K Investment Management LLC lifted its position 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 worth $42,000 after purchasing an additional 111 shares during the period. Finally, SouthState Corp acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent analyst reports. Citizens Jmp downgraded shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 price objective for the company. Barclays lifted their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research note on Saturday, September 27th. Finally, Citigroup lifted their price objective on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.40.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $124.58 on Wednesday. The firm has a market capitalization of $111.00 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.91. The firm has a fifty day simple moving average of $139.92 and a two-hundred day simple moving average of $128.55. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $1.09 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

Insider Buying and Selling

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 shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

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.