Bessemer Group Inc. Sells 533,465 Shares of KKR & Co. Inc. (NYSE:KKR)

Bessemer Group Inc. lessened its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 33.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,077,920 shares of the asset manager's stock after selling 533,465 shares during the quarter. Bessemer Group Inc. owned 0.12% of KKR & Co. Inc. worth $124,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $26,000. Mascagni Wealth Management Inc. bought a new position in KKR & Co. Inc. during the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $36,000. Finally, HM Payson & Co. raised its stake in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after purchasing an additional 272 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $127.78 on Wednesday. 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 stock has a market cap of $113.81 billion, a P/E ratio of 53.92, a P/E/G ratio of 1.36 and a beta of 1.89. The company's 50 day moving average price is $118.50 and its two-hundred day moving average price is $129.80. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion for 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 business's revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share 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. This represents a 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 presently 31.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. TD Cowen lowered their price objective on 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. JMP Securities lowered their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Barclays increased their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $149.43.

Insider Activity

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the transaction, the chairman now directly owns 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 stock was 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 ninety days, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by company insiders.

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.

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