North Capital Inc. Invests $318,000 in KKR & Co. Inc. (NYSE:KKR)

North Capital Inc. acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,750 shares of the asset manager's stock, valued at approximately $318,000.

Other large investors also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $50,199,000. Arete Wealth Advisors LLC grew its stake in shares of KKR & Co. Inc. by 44.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after buying an additional 2,749 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after buying an additional 38,524 shares during the last quarter. Finally, Systematic Alpha Investments LLC bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $423,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 1,150,469 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the sale, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the sale, the chairman owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,471,488 shares of company stock valued at $501,529,092 in the last ninety days. 39.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KKR has been the subject of several research reports. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Citigroup lowered their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Piper Sandler started coverage on shares of KKR & Co. Inc. in a research report on Monday. They set an "overweight" rating and a $150.00 price target on the stock. Finally, HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $149.47.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $134.58 on Thursday. The firm has a market cap of $119.86 billion, a P/E ratio of 56.79, a P/E/G ratio of 1.47 and a beta of 1.88. 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 business's 50 day moving average price is $122.10 and its 200-day moving average price is $129.07. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $1.71 billion. During the same period last year, the business earned $0.97 earnings per share. KKR & Co. Inc.'s quarterly revenue was down 67.8% on a year-over-year basis. On average, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

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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