Congress Park Capital LLC Invests $260,000 in KKR & Co. Inc. (NYSE:KKR)

Congress Park Capital LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,250 shares of the asset manager's stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new position in KKR & Co. Inc. during the fourth quarter worth about $26,000. Mascagni Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. increased 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. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $122.29 on Friday. The firm has a market capitalization of $108.91 billion, a P/E ratio of 51.60, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. The firm's fifty day moving average price is $117.22 and its two-hundred day moving average price is $130.68. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. 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 earnings per share 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 for the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the prior year, the firm earned $0.97 EPS. The business's revenue was down 67.8% on a year-over-year basis. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on KKR shares. JMP Securities decreased their target price on 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. Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. HSBC raised shares of 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 research note on Tuesday, April 15th. Keefe, Bruyette & Woods lifted their price target 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. Finally, Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $149.43.

Insider Activity at KKR & Co. Inc.

In other news, Director Timothy R. Barakett bought 35,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the acquisition, the director now owns 185,000 shares of the company's stock, valued at $21,815,200. This represents a 23.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director now owns 13,250 shares of the company's stock, valued at $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 in the last ninety days. 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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