Brown Advisory Inc. Sells 501,630 Shares of KKR & Co. Inc. (NYSE:KKR)

Brown Advisory Inc. cut its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,333,092 shares of the asset manager's stock after selling 501,630 shares during the period. KKR & Co. Inc. accounts for approximately 1.7% of Brown Advisory Inc.'s investment portfolio, making the stock its 9th largest holding. Brown Advisory Inc. owned 1.16% of KKR & Co. Inc. worth $1,194,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KKR. Brighton Jones LLC grew its stake in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of KKR & Co. Inc. by 1.0% in the fourth quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager's stock worth $4,625,000 after purchasing an additional 316 shares in the last quarter. E Fund Management Co. Ltd. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth $247,000. Callan Family Office LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth $295,000. Finally, Ashton Thomas Private Wealth LLC boosted its stake in KKR & Co. Inc. by 20.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,220 shares of the asset manager's stock valued at $328,000 after buying an additional 375 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR stock opened at $135.62 on Tuesday. The stock has a market cap of $120.79 billion, a P/E ratio of 57.22, a P/E/G ratio of 1.54 and a beta of 1.88. 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 50 day simple moving average of $123.53 and a 200 day simple moving average of $128.58.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The business 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 firm's revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 EPS. Research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.185 dividend. This represents a dividend yield of 0.64%. 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. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Analyst Upgrades and Downgrades

KKR has been the subject of several research reports. Keefe, Bruyette & Woods raised their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. TD Cowen decreased their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Piper Sandler started coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 target price for the company. Finally, Citigroup decreased their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $149.47.

Insiders Place Their Bets

In related news, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction that occurred 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 directly owned 73,006,022 shares of the company's stock, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the transaction, the chairman directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 in the last three months. 39.34% of the stock is owned by insiders.

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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