Cornerstone Wealth Management LLC Buys Shares of 3,420 KKR & Co. Inc. (NYSE:KKR)

Cornerstone Wealth Management LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,420 shares of the asset manager's stock, valued at approximately $395,000.

A number of other large investors also recently modified their holdings of the company. Clarius Group LLC purchased a new position in shares of KKR & Co. Inc. in the 1st quarter worth about $448,000. CENTRAL TRUST Co raised its holdings in shares of KKR & Co. Inc. by 27.8% in the 1st quarter. CENTRAL TRUST Co now owns 1,178 shares of the asset manager's stock worth $136,000 after purchasing an additional 256 shares during the period. Consilium Wealth Advisory LLC purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at about $514,000. Vicus Capital raised its holdings in shares of KKR & Co. Inc. by 23.7% during the 1st quarter. Vicus Capital now owns 2,249 shares of the asset manager's stock valued at $260,000 after buying an additional 431 shares during the period. Finally, AA Financial Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 8.0% during the 1st quarter. AA Financial Advisors LLC now owns 2,685 shares of the asset manager's stock valued at $310,000 after buying an additional 200 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 0.1%

NYSE KKR traded up $0.17 during mid-day trading on Friday, reaching $122.59. 4,079,374 shares of the company's stock traded hands, compared to its average volume of 4,299,739. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a fifty day simple moving average of $117.65 and a 200-day simple moving average of $130.25. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $109.19 billion, a price-to-earnings ratio of 51.73, a P/E/G ratio of 1.36 and a beta of 1.89.

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

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This is a boost 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 31.22%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, 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 sale, the insider now owns 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the sale, the chairman now owns 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,471,488 shares of company stock valued at $501,529,092 over the last 90 days. 39.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JMP Securities dropped their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their target price for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. Citigroup dropped their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. 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 report on Friday, May 23rd. Finally, Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target 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.