KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301,961 shares of the asset manager's stock after purchasing an additional 45,660 shares during the period. KKR & Co. Inc. makes up about 1.2% of Perfromance Wealth Partners LLC's portfolio, making the stock its 13th biggest holding. Perfromance Wealth Partners LLC's holdings in KKR & Co. Inc. were worth $34,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $50,199,000. Arete Wealth Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 44.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after buying an additional 2,749 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of KKR & Co. Inc. by 50.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock valued at $16,889,000 after acquiring an additional 38,524 shares during the period. Finally, Systematic Alpha Investments LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth $423,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.1%

Shares of NYSE KKR opened at $122.59 on Friday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market capitalization of $109.19 billion, a P/E ratio of 51.73, a P/E/G ratio of 1.36 and a beta of 1.89. The company has a 50 day simple moving average of $117.65 and a 200-day simple moving average of $130.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

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

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Bank of America lowered their price target 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. JMP Securities reduced their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Finally, TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $149.43.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the sale, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider now directly owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,471,488 shares of company stock valued at $501,529,092 over the last 90 days. 39.34% of the stock is owned by company insiders.

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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