Apollon Wealth Management LLC Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Apollon Wealth Management LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 28.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,079 shares of the asset manager's stock after purchasing an additional 3,736 shares during the quarter. Apollon Wealth Management LLC's holdings in KKR & Co. Inc. were worth $1,975,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Edgestream Partners L.P. increased its holdings in KKR & Co. Inc. by 129.7% during the 1st quarter. Edgestream Partners L.P. now owns 62,716 shares of the asset manager's stock worth $7,251,000 after purchasing an additional 35,417 shares in the last quarter. Florida Financial Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $237,000. Bleakley Financial Group LLC grew its position in KKR & Co. Inc. by 0.9% in the 1st quarter. Bleakley Financial Group LLC now owns 37,990 shares of the asset manager's stock worth $4,392,000 after purchasing an additional 340 shares in the last quarter. CWM LLC increased its position in shares of KKR & Co. Inc. by 4.6% during the first quarter. CWM LLC now owns 8,987 shares of the asset manager's stock valued at $1,039,000 after acquiring an additional 398 shares during the last quarter. Finally, TFR Capital LLC. purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $1,528,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the transaction, the chairman directly owned 73,006,022 shares in the company, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert W. Scully purchased 13,250 shares of the stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director owned 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 8,471,488 shares of company stock valued at $501,529,092 over the last three months. Company insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research note on Wednesday, July 9th. Barclays lifted their price objective on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Oppenheimer upped their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.33.

KKR & Co. Inc. Trading Up 3.2%

Shares of NYSE KKR traded up $4.51 during mid-day trading on Thursday, reaching $147.56. The company had a trading volume of 2,464,066 shares, compared to its average volume of 4,231,509. The stock has a market cap of $131.42 billion, a price-to-earnings ratio of 62.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.88. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business's 50-day moving average is $127.05 and its 200-day moving average is $128.35. 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. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The firm's revenue for the quarter was down 67.8% compared to the same quarter last year. Equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors 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 positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is 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.