Mutual of America Capital Management LLC Sells 2,364 Shares of KKR & Co. Inc. (NYSE:KKR)

Mutual of America Capital Management LLC trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,507 shares of the asset manager's stock after selling 2,364 shares during the quarter. Mutual of America Capital Management LLC's holdings in KKR & Co. Inc. were worth $9,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of KKR. Norges Bank bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $1,435,314,000. Nuveen Asset Management LLC increased its stake in shares of KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after purchasing an additional 3,391,581 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $325,752,000. GAMMA Investing LLC increased its stake in shares of KKR & Co. Inc. by 10,808.5% in the 1st quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock worth $133,617,000 after purchasing an additional 1,145,158 shares in the last quarter. Finally, FMR LLC increased its stake in shares of KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after purchasing an additional 752,056 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Down 1.3%

KKR opened at $141.13 on Monday. The firm has a 50-day simple moving average of $125.56 and a two-hundred day simple moving average of $128.26. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a market capitalization of $125.70 billion, a PE ratio of 59.55, a price-to-earnings-growth ratio of 1.59 and a beta of 1.88. The company has a quick ratio of 0.08, a current 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 data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business's revenue was down 67.8% on a year-over-year basis. Analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share 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 issued a dividend of $0.185 per share. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 1,150,469 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares of the company's stock, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Scully purchased 13,250 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director owned 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KKR shares. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Citigroup upped their price objective on KKR & Co. Inc. from $132.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday. TD Cowen reduced their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Barclays upped their price objective on KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Evercore ISI upped their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $155.20.

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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