First Horizon Advisors Inc. Acquires 1,969 Shares of KKR & Co. Inc. (NYSE:KKR)

First Horizon Advisors Inc. boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 94.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,060 shares of the asset manager's stock after purchasing an additional 1,969 shares during the period. First Horizon Advisors Inc.'s holdings in KKR & Co. Inc. were worth $469,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

KKR has been the topic of several research reports. Piper Sandler initiated coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 price objective on the stock. Citigroup cut their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Bank of America lowered their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $149.47.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded down $2.89 during midday trading on Monday, hitting $135.71. The company had a trading volume of 2,804,655 shares, compared to its average volume of 4,220,473. 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 company has a market cap of $120.87 billion, a price-to-earnings ratio of 57.28, a PEG ratio of 1.54 and a beta of 1.88. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a fifty day moving average of $123.10 and a two-hundred day moving average of $128.66.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate 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 return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.'s revenue was down 67.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. On average, equities research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the stock in a transaction on Monday, June 2nd. The stock was 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 represents a 0.18% decrease in their position. The sale was disclosed in a filing 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 firm's stock in a transaction dated 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 transaction, the insider owned 13,260,971 shares of the company's stock, 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 have sold a total of 8,471,488 shares of company stock worth $501,529,092 in the last three months. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. 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.