KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 87.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,990 shares of the asset manager's stock after purchasing an additional 107,691 shares during the period. Janney Montgomery Scott LLC's holdings in KKR & Co. Inc. were worth $26,705,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $1,435,314,000. Nuveen Asset Management LLC raised its holdings in shares of KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after acquiring an additional 3,391,581 shares during the period. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $325,752,000. Proficio Capital Partners LLC lifted its position in KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock valued at $232,669,000 after acquiring an additional 1,542,092 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter worth $218,918,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the transaction, the chairman now owns 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Scully purchased 13,250 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director now owns 13,250 shares of the company's stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 8,471,488 shares of company stock valued at $501,529,092 in the last three months. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KKR. Citigroup decreased their target price 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. Barclays lifted their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. JMP Securities decreased their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America lowered their price target on 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. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $149.43.

KKR & Co. Inc. Trading Up 1.0%

Shares of KKR stock traded up $1.23 during trading hours on Thursday, reaching $122.29. 2,399,599 shares of the stock were exchanged, compared to its average volume of 4,878,356. The firm has a market capitalization of $108.91 billion, a price-to-earnings ratio of 51.60, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company's 50-day moving average price is $116.81 and its 200-day moving average price is $130.94. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business's revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a dividend of $0.185 per share. This represents a 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 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.