KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD

Key Points

• Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its stake in KKR & Co. Inc. by 23.1%, acquiring an additional 27,175 shares for a total of 144,922 shares.
• A significant shift in recommendations by analysts includes TD Cowen lowering its price target for KKR from $183 to $126, while Morgan Stanley raised its rating to "overweight" with a target price of $150.
• Chairman Henry R. Kravis sold 130,925 shares at an average price of $121.67, reducing his ownership slightly, while company insiders sold 8,471,488 shares valued at over $500 million in the last three months.

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,922 shares of the asset manager's stock after buying an additional 27,175 shares during the quarter. KKR & Co. Inc. comprises approximately 1.4% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's holdings, making the stock its 27th largest position. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's holdings in KKR & Co. Inc. were worth $16,745,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after buying an additional 2,391,434 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of KKR & Co. Inc. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after acquiring an additional 458,048 shares during the period. FMR LLC boosted its holdings in shares of KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after acquiring an additional 752,056 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of KKR & Co. Inc. by 10.8% during the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock valued at $909,741,000 after acquiring an additional 600,696 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KKR shares. Piper Sandler began coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price for the company. TD Cowen dropped their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. JMP Securities reaffirmed a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Finally, Wells Fargo & Company boosted 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 report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $154.33.

Insider Activity at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 130,925 shares of the business's 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 directly owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the transaction, the insider owned 13,260,971 shares of the company's stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 in the last three months. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 1.4%

Shares of KKR stock opened at $152.23 on Friday. The firm has a market capitalization of $135.58 billion, a P/E ratio of 64.23, a price-to-earnings-growth ratio of 1.67 and a beta of 1.88. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm's fifty day simple moving average is $130.34 and its 200 day simple moving average is $128.29. 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 released its earnings results 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 business 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 earned $0.97 earnings per share. The firm's revenue was down 67.8% on a year-over-year basis. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed 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. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 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.

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