KKR & Co. Inc. (NYSE:KKR) Stock Position Reduced by Artemis Investment Management LLP

Artemis Investment Management LLP trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 55.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,834 shares of the asset manager's stock after selling 178,309 shares during the quarter. Artemis Investment Management LLP's holdings in KKR & Co. Inc. were worth $16,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. CNB Bank bought a new stake in KKR & Co. Inc. in the first quarter worth approximately $295,000. Western Financial Corp CA bought a new stake in KKR & Co. Inc. in the first quarter worth $739,000. Penobscot Investment Management Company Inc. bought a new position in KKR & Co. Inc. during the first quarter valued at about $636,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of KKR & Co. Inc. by 6.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 108,200 shares of the asset manager's stock worth $12,509,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 48.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 22,827 shares of the asset manager's stock worth $2,639,000 after acquiring an additional 7,481 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KKR. TD Cowen reduced their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. JMP Securities lowered their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Barclays boosted their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Finally, Bank of America cut their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Stock Up 2.5%

KKR opened at $132.10 on Friday. The firm has a market cap of $117.65 billion, a price-to-earnings ratio of 55.74, a PEG ratio of 1.43 and a beta of 1.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The firm's 50-day simple moving average is $119.61 and its 200-day simple moving average is $129.65. 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 announced 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. The business had revenue of $1.77 billion for 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 for the quarter was down 67.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. Equities research analysts anticipate 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. Shareholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s payout ratio is 31.22%.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider now owns 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, the director now owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 over the last three months. Insiders own 39.34% of the company's stock.

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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