KKR & Co. Inc. $KKR Shares Purchased by Cresset Asset Management LLC

Key Points

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Cresset Asset Management LLC grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,005 shares of the asset manager's stock after buying an additional 3,284 shares during the period. Cresset Asset Management LLC's holdings in KKR & Co. Inc. were worth $4,509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. PFG Advisors grew its holdings in shares of KKR & Co. Inc. by 4.5% in the first quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock valued at $239,000 after purchasing an additional 90 shares during the period. First Bank & Trust lifted its holdings in shares of KKR & Co. Inc. by 1.3% in the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after acquiring an additional 98 shares during the last quarter. LRI Investments LLC raised its holdings in shares of KKR & Co. Inc. by 9.9% in the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock valued at $164,000 after buying an additional 100 shares during the period. MGB Wealth Management LLC raised its holdings in shares of KKR & Co. Inc. by 1.8% in the 1st quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager's stock valued at $672,000 after buying an additional 100 shares during the period. Finally, Manchester Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 2.3% in the 1st quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager's stock valued at $535,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the transaction, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. This represents a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the transaction, the chairman owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,281,394 shares of company stock worth $413,158,033. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $3.8310 during trading on Friday, reaching $141.6710. The company's stock had a trading volume of 4,084,502 shares, compared to its average volume of 3,227,708. The company has a 50-day moving average price of $139.35 and a two-hundred day moving average price of $126.54. The firm has a market cap of $126.22 billion, a PE ratio of 65.89, a P/E/G ratio of 1.52 and a beta of 1.87. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week 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 announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the company posted $1.09 EPS. On average, analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KKR shares. Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Piper Sandler started coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective for the company. Barclays raised their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target for the company. in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $157.73.

KKR & Co. Inc. 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.