FUKOKU MUTUAL LIFE INSURANCE Co Has $366,000 Stock Position in KKR & Co. Inc. (NYSE:KKR)

FUKOKU MUTUAL LIFE INSURANCE Co decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 50.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,163 shares of the asset manager's stock after selling 3,210 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co's holdings in KKR & Co. Inc. were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $34,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 1,150,469 shares of the business'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 $137,826,186.20. Following the transaction, the chairman directly owned 73,006,022 shares in the company, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Scully acquired 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the purchase, the director directly owned 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 over the last ninety days. Company insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on KKR. Bank of America cut their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Barclays boosted their price objective on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Morgan Stanley raised shares of 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, two have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.20.

KKR & Co. Inc. Trading Down 1.3%

Shares of NYSE:KKR opened at $141.13 on Friday. The stock has a market capitalization of $125.70 billion, a PE ratio of 59.55, a price-to-earnings-growth ratio of 1.61 and a beta of 1.88. The company's 50-day moving average price is $125.56 and its two-hundred day moving average price is $128.60. 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.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping 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 for the quarter was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 EPS. On average, equities 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 paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s payout ratio is currently 31.22%.

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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