Buffington Mohr McNeal lowered its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 13.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,539 shares of the asset manager's stock after selling 16,066 shares during the period. KKR & Co. Inc. makes up 2.3% of Buffington Mohr McNeal's holdings, making the stock its 16th biggest holding. Buffington Mohr McNeal's holdings in KKR & Co. Inc. were worth $11,623,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in KKR. Norges Bank acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $1,435,314,000. Nuveen Asset Management LLC grew its holdings in KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. GQG Partners LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $325,752,000. Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $218,918,000. Finally, GAMMA Investing LLC grew its holdings in KKR & Co. Inc. by 10,808.5% during the 1st quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock worth $133,617,000 after acquiring an additional 1,145,158 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.
KKR & Co. Inc. Stock Performance
KKR stock traded up $4.10 on Thursday, hitting $138.63. The company's stock had a trading volume of 2,650,555 shares, compared to its average volume of 4,217,819. The firm has a 50 day moving average of $122.10 and a two-hundred day moving average of $129.07. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market cap of $123.46 billion, a price-to-earnings ratio of 58.49, a price-to-earnings-growth ratio of 1.50 and a beta of 1.88. 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 results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. KKR & Co. Inc.'s revenue for the quarter was down 67.8% on a year-over-year basis. Equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.
KKR & Co. Inc. Increases Dividend
The firm also recently declared 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 was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio is 31.22%.
Wall Street Analyst Weigh In
Several research firms have commented on KKR. Bank of America lowered their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Citigroup reduced their price objective on shares of 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 investment analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $149.47.
Read Our Latest Report on KKR & Co. Inc.
Insider Transactions at KKR & Co. Inc.
In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 35,000 shares of KKR & Co. Inc. stock in a transaction that occurred 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 transaction, the director directly owned 185,000 shares in the company, valued at $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through 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 shares were 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 directly owned 13,260,971 shares in the company, 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 worth $501,529,092 over the last 90 days. Company insiders own 39.34% of the company's stock.
KKR & Co. Inc. Company Profile
(
Free Report)
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.
See Also
Before you consider KKR & Co. Inc., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KKR & Co. Inc. wasn't on the list.
While KKR & Co. Inc. currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
