8,300 Shares in KKR & Co. Inc. (NYSE:KKR) Bought by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,300 shares of the asset manager's stock, valued at approximately $960,000. KKR & Co. Inc. makes up approximately 0.5% of Uniting Wealth Partners LLC's investment portfolio, making the stock its 28th largest position.

A number of other large investors have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its position in KKR & Co. Inc. by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,395,198 shares of the asset manager's stock worth $161,299,000 after acquiring an additional 5,307 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in KKR & Co. Inc. by 8.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,130,791 shares of the asset manager's stock worth $133,252,000 after acquiring an additional 83,409 shares during the last quarter. Highland Capital Management LLC lifted its position in KKR & Co. Inc. by 2.3% during the 1st quarter. Highland Capital Management LLC now owns 11,517 shares of the asset manager's stock worth $1,331,000 after acquiring an additional 264 shares during the last quarter. Money Concepts Capital Corp lifted its position in KKR & Co. Inc. by 6.8% during the 1st quarter. Money Concepts Capital Corp now owns 5,869 shares of the asset manager's stock worth $679,000 after acquiring an additional 374 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd lifted its position in KKR & Co. Inc. by 3.3% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 465,000 shares of the asset manager's stock worth $53,759,000 after acquiring an additional 15,000 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 2.0%

NYSE KKR opened at $134.52 on Friday. 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 1-year low of $86.15 and a 1-year high of $170.40. The company has a 50 day moving average of $120.23 and a 200-day moving average of $129.53. The company has a market cap of $119.81 billion, a price-to-earnings ratio of 56.76, a PEG ratio of 1.47 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm's quarterly revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. On average, equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal 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 dividend of $0.185 per share. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Insiders Place Their Bets

In related news, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the transaction, the chairman now owns 73,006,022 shares in the company, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the transaction, the insider now owns 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. Over the last quarter, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

KKR has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Bank of America cut their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Keefe, Bruyette & Woods upped their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $149.43.

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.

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