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

Jessup Wealth Management Inc lifted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 76.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,850 shares of the asset manager's stock after acquiring an additional 34,237 shares during the period. KKR & Co. Inc. comprises approximately 3.8% of Jessup Wealth Management Inc's holdings, making the stock its 9th largest holding. Jessup Wealth Management Inc's holdings in KKR & Co. Inc. were worth $9,116,000 at the end of the most recent quarter.

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

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $138.63 on Monday. The company has a 50 day moving average of $123.10 and a 200-day moving average of $128.66. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm has a market cap of $123.46 billion, a price-to-earnings ratio of 58.49, a PEG ratio of 1.54 and a beta of 1.88. 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 posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.97 EPS. The company's quarterly revenue was down 67.8% compared to the same quarter last year. On average, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a $0.185 dividend. 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 presently 31.22%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the company'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 $142,573,261.20. Following the transaction, the chairman directly owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. 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 sale, the chairman owned 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. This represents a 0.18% 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 valued at $501,529,092 over the last quarter. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Bank of America decreased their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Barclays raised their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" 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 target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Finally, TD Cowen cut their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $149.47.

KKR & Co. Inc. Profile

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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