Adell Harriman & Carpenter Inc. Decreases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Adell Harriman & Carpenter Inc. cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 256,810 shares of the asset manager's stock after selling 6,639 shares during the quarter. KKR & Co. Inc. accounts for about 2.2% of Adell Harriman & Carpenter Inc.'s portfolio, making the stock its 12th largest holding. Adell Harriman & Carpenter Inc.'s holdings in KKR & Co. Inc. were worth $29,690,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KKR. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in KKR & Co. Inc. in the 4th quarter worth about $50,199,000. Arete Wealth Advisors LLC raised its holdings in KKR & Co. Inc. by 44.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after purchasing an additional 2,749 shares during the period. Jupiter Asset Management Ltd. boosted its position in KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after purchasing an additional 38,524 shares in the last quarter. Finally, Systematic Alpha Investments LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $423,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 35,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the purchase, the director directly owned 185,000 shares in the company, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the sale, the chairman directly owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 over the last 90 days. Corporate insiders own 39.34% of the company's stock.

Analyst Ratings Changes

KKR has been the topic of a number of recent analyst reports. Barclays increased their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. JMP Securities decreased their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target for the company. Finally, Citigroup decreased their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $149.47.

KKR & Co. Inc. Trading Up 3.0%

KKR traded up $4.10 during trading hours on Friday, reaching $138.63. The company's stock had a trading volume of 2,650,555 shares, compared to its average volume of 4,225,720. The business's 50-day moving average is $123.10 and its 200-day moving average is $128.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $123.46 billion, a PE ratio of 31.79, a P/E/G ratio of 1.54 and a beta of 1.88. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The firm's quarterly revenue was down 67.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm 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 is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 31.22%.

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.