Axxcess Wealth Management LLC cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 69.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,502 shares of the asset manager's stock after selling 5,762 shares during the period. Axxcess Wealth Management LLC's holdings in KKR & Co. Inc. were worth $289,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Greenleaf Trust raised its stake in shares of KKR & Co. Inc. by 14.0% in the first quarter. Greenleaf Trust now owns 6,998 shares of the asset manager's stock valued at $809,000 after acquiring an additional 861 shares in the last quarter. Valeo Financial Advisors LLC raised its position in KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock valued at $818,000 after purchasing an additional 2,006 shares in the last quarter. Alpha Cubed Investments LLC acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at about $524,000. Jessup Wealth Management Inc boosted its stake in shares of KKR & Co. Inc. by 76.7% in the 1st quarter. Jessup Wealth Management Inc now owns 78,850 shares of the asset manager's stock valued at $9,116,000 after buying an additional 34,237 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its position in shares of KKR & Co. Inc. by 0.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 31,891 shares of the asset manager's stock worth $3,687,000 after buying an additional 291 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on KKR. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday. JMP Securities reiterated a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday. Finally, Piper Sandler initiated coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $154.33.
View Our Latest Analysis on KKR
Insider Transactions at KKR & Co. Inc.
In related news, Director Timothy R. Barakett purchased 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the acquisition, the director directly owned 185,000 shares in the company, valued at $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the sale, the chairman directly owned 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. This trade represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 in the last 90 days. Insiders own 39.34% of the company's stock.
KKR & Co. Inc. Stock Performance
Shares of KKR stock traded down $1.62 during trading hours on Monday, hitting $139.43. The stock had a trading volume of 3,295,755 shares, compared to its average volume of 5,175,993. 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 firm has a market capitalization of $124.18 billion, a PE ratio of 58.83, a PEG ratio of 1.59 and a beta of 1.88. The stock's 50 day moving average is $125.56 and its 200 day moving average is $128.26. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.
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 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 for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm posted $0.97 EPS. KKR & Co. Inc.'s quarterly revenue was down 67.8% on a year-over-year basis. As a group, research analysts forecast 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 disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.185 dividend. 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. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s payout ratio is currently 31.22%.
KKR & Co. Inc. Company Profile
(
Free Report)
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.
Further Reading

Before you consider KKR & Co. Inc., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KKR & Co. Inc. wasn't on the list.
While KKR & Co. Inc. currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.