Janney Montgomery Scott LLC Purchases 6,406 Shares of KKR & Co. Inc. (NYSE:KKR)

Janney Montgomery Scott LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKRFree Report) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,550 shares of the asset manager’s stock after buying an additional 6,406 shares during the period. Janney Montgomery Scott LLC’s holdings in KKR & Co. Inc. were worth $10,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after acquiring an additional 11,134,363 shares during the period. Norges Bank bought a new position in KKR & Co. Inc. during the fourth quarter worth $649,798,000. Winslow Capital Management LLC bought a new position in KKR & Co. Inc. during the fourth quarter worth $344,354,000. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after purchasing an additional 1,728,782 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $68,286,000. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the sale, the insider now directly owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on KKR. Barclays lifted their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $116.00 target price on shares of KKR & Co. Inc. in a research report on Friday, June 21st. Deutsche Bank Aktiengesellschaft lifted their price target on KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. JMP Securities upped their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Finally, StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $99.21.

View Our Latest Analysis on KKR & Co. Inc.

KKR & Co. Inc. Trading Down 1.0 %

Shares of KKR & Co. Inc. stock opened at $105.06 on Tuesday. The firm’s 50-day moving average price is $104.24 and its two-hundred day moving average price is $96.54. The company has a market capitalization of $93.23 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.92 and a beta of 1.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $113.91.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The firm had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. On average, analysts forecast that KKR & Co. Inc. will post 4.04 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s payout ratio is 15.70%.

KKR & Co. Inc. Profile

(Free Report)

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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