KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Financial Management Network Inc.

Key Points

• Financial Management Network Inc. increased its holdings in KKR & Co. Inc. by 20.8%, owning 16,822 shares valued at approximately $1.95 million.
• Institutional investors now own 76.26% of KKR's stock, with significant new purchases from Lansforsakringar and Universal Beteiligungs.
• Chairman George R. Roberts sold over 1.19 million shares of KKR, resulting in a 1.43% decrease in his holdings, while a director, Timothy R. Barakett, increased his shares by 23.33%.

Financial Management Network Inc. increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 20.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,822 shares of the asset manager's stock after purchasing an additional 2,895 shares during the quarter. Financial Management Network Inc.'s holdings in KKR & Co. Inc. were worth $1,945,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $50,199,000. Arete Wealth Advisors LLC boosted its position in shares of KKR & Co. Inc. by 44.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after buying an additional 2,749 shares during the period. Systematic Alpha Investments LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $423,000. Finally, Schroder Investment Management Group lifted its stake in shares of KKR & Co. Inc. by 19.5% in the fourth quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager's stock worth $11,884,000 after acquiring an additional 13,065 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Piper Sandler began coverage on KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective for the company. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Finally, HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target for the company. in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $154.33.

Insiders Place Their Bets

In other news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the sale, the chairman owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy R. Barakett acquired 35,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the transaction, the director owned 185,000 shares of the company's stock, valued at $21,815,200. This trade represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 8,471,488 shares of company stock valued at $501,529,092 in the last 90 days. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $152.23 on Monday. The stock's 50-day moving average is $130.34 and its two-hundred day moving average is $128.01. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market cap of $135.58 billion, a P/E ratio of 64.23, a PEG ratio of 1.69 and a beta of 1.88. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company's revenue was down 67.8% compared to the same quarter last year. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

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