KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Grange Capital LLC

Grange Capital LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 50.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,208 shares of the asset manager's stock after acquiring an additional 3,738 shares during the quarter. KKR & Co. Inc. makes up approximately 1.5% of Grange Capital LLC's holdings, making the stock its 22nd biggest holding. Grange Capital LLC's holdings in KKR & Co. Inc. were worth $1,296,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Wealthfront Advisers LLC raised its stake in KKR & Co. Inc. by 24.6% during the first quarter. Wealthfront Advisers LLC now owns 54,000 shares of the asset manager's stock worth $6,243,000 after purchasing an additional 10,659 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in KKR & Co. Inc. during the first quarter worth approximately $38,000. Poehling Capital Management INC. purchased a new position in KKR & Co. Inc. during the first quarter worth approximately $3,813,000. Massachusetts Financial Services Co. MA raised its stake in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in KKR & Co. Inc. by 430.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 355,246 shares of the asset manager's stock worth $41,070,000 after purchasing an additional 288,221 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider directly owned 13,260,971 shares of the company's stock, valued at $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy R. Barakett bought 35,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the purchase, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 8,471,488 shares of company stock worth $501,529,092. Company insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KKR. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price on the stock. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Citigroup lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $154.33.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $2.36 during midday trading on Tuesday, reaching $137.07. 2,671,624 shares of the stock traded hands, compared to its average volume of 4,234,324. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $126.05 and a two-hundred day moving average price of $128.19. The firm has a market cap of $122.08 billion, a price-to-earnings ratio of 57.84, a PEG ratio of 1.55 and a beta of 1.88. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion during 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 was down 67.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. Company 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.