Nuveen LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,301,588 shares of the asset manager's stock, valued at approximately $844,137,000. Nuveen LLC owned approximately 0.82% of KKR & Co. Inc. as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Ameriflex Group Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $46,000. Mountain Hill Investment Partners Corp. bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $38,000. Finally, GW&K Investment Management LLC grew its stake in shares of KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after acquiring an additional 111 shares in the last quarter. 76.26% of the stock is owned by institutional investors.
KKR & Co. Inc. Stock Performance
Shares of KKR traded down $1.06 during midday trading on Monday, reaching $141.61. 1,818,626 shares of the stock were exchanged, compared to its average volume of 3,493,415. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $126.12 billion, a P/E ratio of 65.86, a PEG ratio of 1.54 and a beta of 1.87. The stock's 50 day simple moving average is $135.84 and its 200 day simple moving average is $127.34.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $1.09 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.
KKR & Co. Inc. Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 34.42%.
Insider Buying and Selling
In related news, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction on 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 completion of the transaction, the chairman owned 82,171,884 shares in the company, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,281,394 shares of company stock worth $413,158,033. Company insiders own 39.34% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on KKR. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 price target for the company. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target for the company. in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.73.
View Our Latest Research Report on KKR
KKR & Co. Inc. Company Profile
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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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