Jessup Wealth Management Inc Purchases 34,237 Shares of KKR & Co. Inc. (NYSE:KKR)

Jessup Wealth Management Inc lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 76.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,850 shares of the asset manager's stock after purchasing an additional 34,237 shares during the period. KKR & Co. Inc. makes up 3.8% of Jessup Wealth Management Inc's investment portfolio, making the stock its 9th largest holding. Jessup Wealth Management Inc's holdings in KKR & Co. Inc. were worth $9,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KKR. Brighton Jones LLC raised its position in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after acquiring an additional 2,437 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of KKR & Co. Inc. by 1.0% during the fourth quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager's stock valued at $4,625,000 after acquiring an additional 316 shares during the last quarter. E Fund Management Co. Ltd. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $247,000. Callan Family Office LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $295,000. Finally, Ashton Thomas Private Wealth LLC boosted its stake in shares of KKR & Co. Inc. by 20.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,220 shares of the asset manager's stock valued at $328,000 after acquiring an additional 375 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In other news, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction on 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 acquisition, the director directly owned 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction on 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 completion of the transaction, the insider owned 13,260,971 shares in the company, valued at $453,525,208.20. This represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,471,488 shares of company stock worth $501,529,092 over the last three months. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 2.2%

KKR & Co. Inc. stock traded down $2.98 during trading on Monday, reaching $135.62. 4,551,786 shares of the company's stock were exchanged, compared to its average volume of 4,227,027. The company's 50-day moving average is $123.10 and its two-hundred day moving average is $128.66. 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. has a 52-week low of $86.15 and a 52-week high of $170.40. The firm has a market cap of $120.79 billion, a price-to-earnings ratio of 57.22, a PEG ratio of 1.54 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm's revenue was down 67.8% on a year-over-year basis. On average, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a dividend of $0.185 per share. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KKR shares. Keefe, Bruyette & Woods increased their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. JMP Securities lowered their target price 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 boosted their target price on shares of 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 report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $149.47.

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.