Envestnet Portfolio Solutions Inc. Decreases Position in KKR & Co. Inc. (NYSE:KKR)

Envestnet Portfolio Solutions Inc. lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 42.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,840 shares of the asset manager's stock after selling 15,106 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in KKR & Co. Inc. were worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $36,000. Finally, HM Payson & Co. raised its stake in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In related news, Director Timothy R. Barakett acquired 35,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the purchase, the director now directly owns 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the sale, the insider now directly owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Up 0.1%

Shares of KKR & Co. Inc. stock opened at $122.59 on Monday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market cap of $109.19 billion, a P/E ratio of 51.73, a PEG ratio of 1.36 and a beta of 1.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a fifty day moving average of $117.65 and a two-hundred day moving average of $130.06.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The business 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%. The business's revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. On average, analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given 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%.

Analyst Ratings Changes

KKR has been the topic of several research reports. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. TD Cowen dropped their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Barclays increased their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $149.43.

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.

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