KKR & Co. Inc. (NYSE:KKR) Stock Position Decreased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 86.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,187 shares of the asset manager's stock after selling 26,742 shares during the period. Jefferies Financial Group Inc.'s holdings in KKR & Co. Inc. were worth $484,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. in the 1st quarter worth about $38,000. GW&K Investment Management LLC grew its position in KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after purchasing an additional 111 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth about $46,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 1.4%

KKR stock opened at $144.65 on Thursday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The firm has a market cap of $128.83 billion, a PE ratio of 67.28, a P/E/G ratio of 1.54 and a beta of 1.87. The firm has a 50 day simple moving average of $134.14 and a 200 day simple moving average of $128.12. 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 released its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $1.09 earnings per share. Equities 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 announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be paid a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Analysts Set New Price Targets

KKR has been the subject of several recent analyst reports. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. 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. JMP Securities restated a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.73.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Timothy R. Barakett purchased 35,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director owned 185,000 shares in the company, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the sale, the chairman 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 valued at $501,529,092 in the last ninety days. Company insiders own 39.34% of the company's stock.

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.

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