KKR & Co. Inc. $KKR Shares Bought by Gamco Investors INC. ET AL

Key Points

• Gamco Investors Inc. increased its stake in KKR & Co. Inc. by 1.4%, holding a total of 369,816 shares worth approximately $42.75 million after acquiring 5,108 additional shares.
• Key institutional investors like PFG Advisors and First Bank & Trust also raised their positions in KKR during the first quarter, indicating strong institutional interest.
• KKR reported $1.18 earnings per share (EPS) for the last quarter, surpassing analyst expectations, and announced a dividend increase to $0.185 per share, reflecting a boost from its previous dividend of $0.18.

Gamco Investors INC. ET AL grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 369,816 shares of the asset manager's stock after acquiring an additional 5,108 shares during the period. Gamco Investors INC. ET AL's holdings in KKR & Co. Inc. were worth $42,754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KKR. PFG Advisors grew its position in KKR & Co. Inc. by 4.5% in the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock worth $239,000 after purchasing an additional 90 shares during the last quarter. First Bank & Trust lifted its stake in shares of KKR & Co. Inc. by 1.3% in the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after acquiring an additional 98 shares during the period. LRI Investments LLC lifted its stake in shares of KKR & Co. Inc. by 9.9% in the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock worth $164,000 after acquiring an additional 100 shares during the period. MGB Wealth Management LLC lifted its stake in KKR & Co. Inc. by 1.8% during the first quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager's stock valued at $672,000 after purchasing an additional 100 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its stake in KKR & Co. Inc. by 2.3% during the first quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager's stock valued at $535,000 after purchasing an additional 104 shares during the last quarter. 76.26% of the stock is currently 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 firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the sale, the chairman owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the sale, the chairman owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,281,394 shares of company stock valued at $413,158,033 in the last 90 days. Corporate insiders own 39.34% of the company's stock.

Analyst Ratings Changes

KKR has been the subject of several recent research reports. Barclays increased their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $157.73.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $138.7820 on Tuesday. The company has a market capitalization of $123.65 billion, a price-to-earnings ratio of 64.55, a PEG ratio of 1.56 and a beta of 1.87. 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 company has a 50-day moving average of $139.66 and a 200-day moving average of $126.11. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter last year, the company posted $1.09 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 34.42%.

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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