Amalgamated Bank Grows Stock Position in KKR & Co. Inc. (NYSE:KKR)

Amalgamated Bank raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,359 shares of the asset manager's stock after buying an additional 2,391 shares during the quarter. Amalgamated Bank's holdings in KKR & Co. Inc. were worth $15,533,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KKR. Oppenheimer Asset Management Inc. lifted its stake in shares of KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after buying an additional 69 shares in the last quarter. LRI Investments LLC lifted its position in shares of KKR & Co. Inc. by 9.9% during the fourth quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock worth $164,000 after acquiring an additional 100 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of KKR & Co. Inc. by 3.3% in the fourth quarter. Lindbrook Capital LLC now owns 3,179 shares of the asset manager's stock worth $470,000 after acquiring an additional 102 shares during the period. AMG National Trust Bank boosted its holdings in shares of KKR & Co. Inc. by 5.1% in the fourth quarter. AMG National Trust Bank now owns 2,185 shares of the asset manager's stock worth $323,000 after acquiring an additional 106 shares during the period. Finally, Synovus Financial Corp grew its position in shares of KKR & Co. Inc. by 1.3% in the fourth quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock valued at $1,230,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director owned 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider directly owned 13,260,971 shares of the company's stock, valued at $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. 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. Company insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JMP Securities dropped their price objective on 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. Bank of America lowered 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 report on Friday, April 4th. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a report on Monday. They set an "overweight" rating and a $150.00 target price on the stock. Finally, Barclays increased their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $149.47.

KKR & Co. Inc. Stock Down 0.8%

Shares of NYSE:KKR opened at $133.24 on Tuesday. The firm has a market capitalization of $118.67 billion, a PE ratio of 56.22, a price-to-earnings-growth ratio of 1.49 and a beta of 1.89. 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. has a 52-week low of $86.15 and a 52-week high of $170.40. The firm has a fifty day moving average of $120.94 and a 200 day moving average of $129.01.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued 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. The firm 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%. The company's revenue was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.185 dividend. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.'s payout ratio is presently 31.22%.

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.

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