Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Purchases 9,324 Shares of KKR & Co. Inc. (NYSE:KKR)

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD increased its stake in KKR & Co. Inc. by 22.3%, owning a total of 51,187 shares worth approximately $5.9 million.
• Several institutional investors, including Jennison Associates LLC and Nuveen Asset Management LLC, significantly boosted their holdings in KKR, demonstrating strong interest in the asset manager's stock.
• KKR recently raised its dividend from $0.17 to $0.185, reflecting a yield of 0.64% and indicating confidence in its financial stability.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 22.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,187 shares of the asset manager's stock after buying an additional 9,324 shares during the quarter. KKR & Co. Inc. makes up about 1.5% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's portfolio, making the stock its 26th biggest position. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's holdings in KKR & Co. Inc. were worth $5,915,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its stake in shares of KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after buying an additional 4,306,290 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. GAMMA Investing LLC boosted its position in KKR & Co. Inc. by 10,808.5% during the first quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after purchasing an additional 1,145,158 shares during the last quarter. Finally, FMR LLC boosted its position in KKR & Co. Inc. by 6.7% during the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after purchasing an additional 752,056 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on KKR shares. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods upped their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction that occurred 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 in the company, valued at $9,844,191,703.20. This represents a 1.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Scully purchased 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director directly owned 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR opened at $152.23 on Friday. 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 business has a fifty day simple moving average of $130.34 and a 200 day simple moving average of $128.29. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market capitalization of $135.58 billion, a PE ratio of 64.23, a price-to-earnings-growth ratio of 1.67 and a beta of 1.88.

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 for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The company's revenue was down 67.8% on a year-over-year basis. Research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.'s payout ratio is 31.22%.

About KKR & Co. Inc.

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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