Larson Financial Group LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,413 shares of the asset manager's stock after purchasing an additional 1,825 shares during the period. Larson Financial Group LLC's holdings in KKR & Co. Inc. were worth $4,210,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of KKR & Co. Inc. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after acquiring an additional 441,817 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares in the last quarter. Geode Capital Management LLC raised its stake in KKR & Co. Inc. by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock valued at $2,073,624,000 after purchasing an additional 458,048 shares during the period. FMR LLC lifted its holdings in shares of KKR & Co. Inc. by 6.7% in 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 in the last quarter. Finally, Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $1,435,314,000. Institutional investors and hedge funds own 76.26% of the company's stock.
Insider Buying and Selling at KKR & Co. Inc.
In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the transaction, the chairman owned 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. This represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider directly owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% 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 over the last 90 days. Company insiders own 39.34% of the company's stock.
KKR & Co. Inc. Price Performance
NYSE KKR traded down $2.36 during trading hours on Tuesday, reaching $137.07. 2,671,624 shares of the company's stock were exchanged, compared to its average volume of 4,234,324. The stock has a market cap of $122.08 billion, a PE ratio of 57.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.88. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a fifty day moving average of $126.05 and a 200-day moving average of $128.19. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. On average, equities research analysts predict 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 declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio is 31.22%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on KKR. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a research report on Wednesday, July 9th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Barclays raised their target price on KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. TD Cowen dropped their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, JMP Securities reiterated a "market perform" rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $154.33.
View Our Latest Analysis on KKR & Co. Inc.
About KKR & Co. Inc.
(
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.
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