CNB Bank Invests $295,000 in KKR & Co. Inc. (NYSE:KKR)

CNB Bank acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,555 shares of the asset manager's stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of KKR & Co. Inc. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after acquiring an additional 441,817 shares during the last quarter. Geode Capital Management LLC boosted its stake in KKR & Co. Inc. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after purchasing an additional 458,048 shares in the last quarter. FMR LLC boosted its stake in KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after purchasing an additional 752,056 shares in the last quarter. Norges Bank purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $1,435,314,000. Finally, Nuveen Asset Management LLC increased its stake 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 valued at $973,894,000 after purchasing an additional 3,391,581 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In related news, Director Robert W. Scully bought 13,250 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Barakett bought 35,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the transaction, the director now directly owns 185,000 shares of the company's stock, valued at $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 in the last 90 days. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Up 2.5%

KKR & Co. Inc. stock opened at $132.10 on Friday. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a market cap of $117.65 billion, a P/E ratio of 55.74, a P/E/G ratio of 1.43 and a beta of 1.89. 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 business has a 50-day simple moving average of $119.61 and a two-hundred day simple moving average of $129.65.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm's revenue was down 67.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. Analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a $0.185 dividend. The ex-dividend date was Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Barclays upped their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their target price for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Finally, TD Cowen reduced their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Buy" and an average target price of $149.43.

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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