Zions Bancorporation National Association UT bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,368 shares of the asset manager's stock, valued at approximately $1,199,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $31,000. Mountain Hill Investment Partners Corp. bought a new stake in KKR & Co. Inc. during the first quarter worth about $38,000. GW&K Investment Management LLC raised its holdings in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after acquiring an additional 111 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $46,000. Institutional investors own 76.26% of the company's stock.
KKR & Co. Inc. Stock Up 0.4%
Shares of KKR opened at $142.82 on Friday. The firm's 50-day simple moving average is $135.44 and its 200 day simple moving average is $127.77. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The firm has a market cap of $127.20 billion, a P/E ratio of 66.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (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 6.42%. 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 business posted $1.09 EPS. On average, analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.
KKR & Co. Inc. Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on KKR shares. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $157.73.
Get Our Latest Report on KKR & Co. Inc.
Insider Buying and Selling at KKR & Co. Inc.
In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 1,150,469 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the transaction, the chairman owned 73,006,022 shares in the company, valued at $8,746,121,435.60. This represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the transaction, the insider owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,281,394 shares of company stock worth $618,358,033. 39.34% of the stock is currently owned by company insiders.
About KKR & Co. Inc.
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR - Free Report).

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