Allspring Global Investments Holdings LLC Purchases 83,409 Shares of KKR & Co. Inc. (NYSE:KKR)

Allspring Global Investments Holdings LLC raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,130,791 shares of the asset manager's stock after acquiring an additional 83,409 shares during the period. Allspring Global Investments Holdings LLC owned about 0.13% of KKR & Co. Inc. worth $133,252,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $50,199,000. Arete Wealth Advisors LLC raised its stake in shares of 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 valued at $1,321,000 after buying an additional 2,749 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of KKR & Co. Inc. by 50.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock valued at $16,889,000 after buying an additional 38,524 shares in the last quarter. Finally, Systematic Alpha Investments LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $423,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 transaction, the insider now directly owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction dated 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 transaction, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 2.0%

KKR stock traded up $2.58 during midday trading on Friday, reaching $134.52. The company's stock had a trading volume of 5,398,601 shares, compared to its average volume of 4,273,186. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a market cap of $119.81 billion, a PE ratio of 56.76, a price-to-earnings-growth ratio of 1.47 and a beta of 1.89. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The business's 50-day simple moving average is $120.23 and its 200-day simple moving average is $129.53.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly 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. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.97 EPS. The firm's revenue was down 67.8% on a year-over-year basis. As a group, sell-side analysts expect 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 issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is 31.22%.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent research reports. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Bank of America dropped 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. Finally, Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. One research 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 company's stock. According to MarketBeat, KKR & Co. Inc. has an average 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.