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

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

Several other hedge funds and other institutional investors have also bought and sold shares of KKR. Lansforsakringar Fondforvaltning AB publ acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $50,199,000. Arete Wealth Advisors LLC increased its position in shares of KKR & Co. Inc. by 44.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after purchasing an additional 2,749 shares during the period. Jupiter Asset Management Ltd. boosted its position in shares of KKR & Co. Inc. by 50.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after acquiring an additional 38,524 shares in the last quarter. Finally, Systematic Alpha Investments LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $423,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 0.7%

Shares of KKR traded up $0.84 during mid-day trading on Tuesday, reaching $124.09. The company's stock had a trading volume of 2,942,002 shares, compared to its average volume of 5,007,826. The stock has a market cap of $110.52 billion, a PE ratio of 37.26, a P/E/G ratio of 1.00 and a beta of 1.89. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company's fifty day moving average price is $113.58 and its two-hundred day moving average price is $132.35. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the company posted $0.97 EPS. The company's quarterly revenue was down 67.8% compared to the same quarter last year. On average, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Analysts Set New Price Targets

KKR has been the subject of a number of research reports. JMP Securities dropped their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Barclays lifted their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. TD Cowen dropped their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Citigroup reduced their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One investment 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 MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $149.43.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman now owns 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction dated 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 directly owns 73,006,022 shares of the company's stock, valued at $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. Insiders own 39.34% of the company's stock.

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.