Penobscot Investment Management Company Inc. Acquires Shares of 5,500 KKR & Co. Inc. (NYSE:KKR)

Penobscot Investment Management Company Inc. acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,500 shares of the asset manager's stock, valued at approximately $636,000.

Several other institutional investors have also recently bought and sold shares of KKR. Brighton Jones LLC raised its position in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after purchasing an additional 2,437 shares during the last quarter. Wealthspire Advisors LLC raised its position in KKR & Co. Inc. by 25.5% in the 4th quarter. Wealthspire Advisors LLC now owns 2,902 shares of the asset manager's stock valued at $429,000 after purchasing an additional 590 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $248,000. National Pension Service raised its position in shares of KKR & Co. Inc. by 7.2% during the fourth quarter. National Pension Service now owns 1,267,741 shares of the asset manager's stock worth $187,512,000 after acquiring an additional 84,964 shares during the last quarter. Finally, Phocas Financial Corp. bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $214,000. Institutional investors own 76.26% of the company's stock.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the transaction, the insider now owns 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the acquisition, the director now directly owns 13,250 shares in the company, 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. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 in the last 90 days. Corporate insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of recent research reports. TD Cowen dropped their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays boosted their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, JMP Securities dropped their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $149.43.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $132.10 on Friday. 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. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market cap of $117.65 billion, a P/E ratio of 55.74, a price-to-earnings-growth ratio of 1.43 and a beta of 1.89. The stock's 50-day moving average price is $119.61 and its two-hundred day moving average price is $129.65.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) 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 firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the business earned $0.97 earnings per share. The company's revenue was down 67.8% compared to the same quarter last year. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders 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 a boost from KKR & Co. Inc.'s previous dividend of $0.17. 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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