Bowen Hanes & Co. Inc. Grows Stock Holdings in KKR & Co. Inc. $KKR

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Bowen Hanes & Co. Inc. raised its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 109.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,930 shares of the asset manager's stock after buying an additional 44,370 shares during the quarter. Bowen Hanes & Co. Inc.'s holdings in KKR & Co. Inc. were worth $9,819,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. McIlrath & Eck LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $31,000. Ameriflex Group Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $46,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. during the first quarter valued at about $38,000. Finally, GW&K Investment Management LLC increased its holdings in shares of KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after acquiring an additional 111 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 1,150,469 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 $137,826,186.20. Following the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy R. Barakett acquired 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the acquisition, the director directly owned 185,000 shares in the company, valued at $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,281,394 shares of company stock worth $413,158,033. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 0.8%

Shares of NYSE:KKR opened at $141.09 on Tuesday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a market capitalization of $125.70 billion, a price-to-earnings ratio of 65.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87. 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 business's 50 day moving average price is $138.16 and its 200-day moving average price is $126.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $1.09 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 34.42%.

Analysts Set New Price Targets

Several research firms have recently issued reports on KKR. Piper Sandler began coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 price objective on the stock. Barclays increased their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. HSBC downgraded 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 report on Wednesday, July 9th. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Keefe, Bruyette & Woods increased their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.73.

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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