KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,421 shares of the asset manager’s stock after purchasing an additional 270 shares during the period. Kestra Private Wealth Services LLC’s holdings in KKR & Co. Inc. were worth $1,089,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $34,000. Ameriflex Group Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $46,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. during the first quarter valued at approximately $38,000. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KKR. Bank of America decreased their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Morgan Stanley raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. TD Cowen lowered their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Oppenheimer increased their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Finally, Citigroup cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.33.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $148.21 on Thursday. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The business’s 50 day moving average price is $129.32 and its two-hundred day moving average price is $128.26. 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 firm has a market cap of $132.00 billion, a PE ratio of 62.53, a price-to-earnings-growth ratio of 1.62 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.’s quarterly revenue was down 67.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.22%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 35,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director owned 185,000 shares in the company, valued at $21,815,200. The trade was a 23.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider owned 13,260,971 shares of the company’s stock, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 over the last quarter. 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.