Daymark Wealth Partners LLC Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Daymark Wealth Partners LLC increased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,585 shares of the asset manager's stock after acquiring an additional 2,361 shares during the period. Daymark Wealth Partners LLC's holdings in KKR & Co. Inc. were worth $1,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after buying an additional 69 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after acquiring an additional 70 shares during the last quarter. LRI Investments LLC grew its position in shares of KKR & Co. Inc. by 9.9% during the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock valued at $164,000 after acquiring an additional 100 shares during the period. Lindbrook Capital LLC increased its stake in shares of KKR & Co. Inc. by 3.3% during the 4th quarter. Lindbrook Capital LLC now owns 3,179 shares of the asset manager's stock worth $470,000 after purchasing an additional 102 shares during the last quarter. Finally, AMG National Trust Bank raised its holdings in shares of KKR & Co. Inc. by 5.1% in the 4th quarter. AMG National Trust Bank now owns 2,185 shares of the asset manager's stock worth $323,000 after purchasing an additional 106 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Cowen decreased 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. Barclays boosted their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Bank of America reduced 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 report on Friday, April 4th. Finally, Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Stock Up 2.5%

NYSE:KKR traded up $3.26 during mid-day trading on Thursday, hitting $132.10. 3,914,921 shares of the company's stock were exchanged, compared to its average volume of 4,266,490. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The business has a fifty day moving average price of $119.03 and a 200 day moving average price of $129.79. The company has a market cap of $117.65 billion, a PE ratio of 55.74, a P/E/G ratio of 1.42 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (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 analyst estimates of $1.71 billion. During the same period last year, the business earned $0.97 earnings per share. The business's revenue 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 year.

KKR & Co. Inc. Increases Dividend

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

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider now owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Henry R. Kravis sold 130,925 shares of the stock in a transaction that occurred 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 in the company, 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. Over the last three months, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by corporate 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.