Massachusetts Financial Services Co. MA Purchases 2,391,434 Shares of KKR & Co. Inc. (NYSE:KKR)

Massachusetts Financial Services Co. MA grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,081,760 shares of the asset manager's stock after purchasing an additional 2,391,434 shares during the period. KKR & Co. Inc. makes up 0.7% of Massachusetts Financial Services Co. MA's portfolio, making the stock its 26th biggest position. Massachusetts Financial Services Co. MA owned about 2.15% of KKR & Co. Inc. worth $2,206,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Henry R. Kravis sold 1,150,469 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the completion of the sale, the chairman directly owned 73,006,022 shares of the company's stock, valued at approximately $8,746,121,435.60. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. 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 in the last ninety days. Company insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler initiated coverage on shares of 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. Evercore ISI increased their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $154.33.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $1.62 during trading hours on Monday, reaching $139.43. 3,295,755 shares of the company were exchanged, compared to its average volume of 5,175,993. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $125.56 and a 200 day moving average of $128.26. The firm has a market cap of $124.18 billion, a price-to-earnings ratio of 58.83, a PEG ratio of 1.59 and a beta of 1.88.

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

KKR & Co. Inc. Increases Dividend

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