AE Wealth Management LLC Grows Position in KKR & Co. Inc. (NYSE:KKR)

Key Points

• AE Wealth Management LLC increased its stake in KKR & Co. Inc. by 14.8%, acquiring an additional 8,458 shares to hold a total of 65,543 shares worth $7,577,000.
• Analysts have set a consensus target price of $154.33 for KKR & Co. Inc., with several brokerages raising their price targets and maintaining bullish ratings.
• The company recently declared a dividend of $0.185 per share, representing an increase from its previous dividend, and has a current dividend yield of 0.64%.

AE Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 65,543 shares of the asset manager's stock after purchasing an additional 8,458 shares during the period. AE Wealth Management LLC's holdings in KKR & Co. Inc. were worth $7,577,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. Brighton Jones LLC boosted its holdings in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after acquiring an additional 2,437 shares in the last quarter. Congress Wealth Management LLC DE purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $360,000. Modern Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $257,000. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of KKR & Co. Inc. by 38.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,032 shares of the asset manager's stock valued at $1,780,000 after acquiring an additional 3,362 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of KKR & Co. Inc. by 9.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,028,820 shares of the asset manager's stock valued at $156,412,000 after acquiring an additional 92,118 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KKR shares. Barclays lifted their target price on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Bank of America reduced their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective for the company. in a research note on Wednesday, July 9th. Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the sale, the chairman directly owned 73,006,022 shares in the company, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated 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 sale, the insider owned 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

KKR traded up $0.24 during midday trading on Monday, reaching $152.40. 875,858 shares of the company's stock were exchanged, compared to its average volume of 5,032,036. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $135.73 billion, a PE ratio of 64.25, a P/E/G ratio of 1.69 and a beta of 1.88. The business's 50-day moving average price is $130.34 and its 200 day moving average price is $128.01. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

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

KKR & Co. Inc. Increases Dividend

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