Envestnet Asset Management Inc. Increases Position in KKR & Co. Inc. (NYSE:KKR)

Envestnet Asset Management Inc. raised its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,341,244 shares of the asset manager's stock after purchasing an additional 4,528 shares during the quarter. Envestnet Asset Management Inc. owned 0.15% of KKR & Co. Inc. worth $155,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KKR. Norges Bank bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $1,435,314,000. Nuveen Asset Management LLC raised its position in KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after buying an additional 3,391,581 shares during the last quarter. GQG Partners LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $325,752,000. GAMMA Investing LLC grew its position in KKR & Co. Inc. by 10,808.5% during the first quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after buying an additional 1,145,158 shares during the period. Finally, FMR LLC grew its stake in shares of KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after acquiring an additional 752,056 shares during the period. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KKR shares. Piper Sandler assumed coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price for the company. Evercore ISI lifted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Barclays upped their target price on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, JMP Securities lowered 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $154.13.

KKR & Co. Inc. Stock Up 2.9%

NYSE KKR traded up $3.97 on Thursday, reaching $143.19. 3,763,219 shares of the stock traded hands, compared to its average volume of 4,236,014. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market cap of $127.53 billion, a price-to-earnings ratio of 60.42, a PEG ratio of 1.54 and a beta of 1.88. The company has a fifty day moving average price of $124.50 and a 200-day moving average price of $128.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

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 (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling

In other news, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director owned 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This trade represents a ∞ 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, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider directly owned 13,260,971 shares of the company's stock, valued at $453,525,208.20. This trade represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 over the last quarter. 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.