Poehling Capital Management INC. Acquires New Shares in KKR & Co. Inc. (NYSE:KKR)

Poehling Capital Management INC. acquired a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 32,978 shares of the asset manager's stock, valued at approximately $3,813,000.

A number of other large investors have also recently added to or reduced their stakes in the business. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $46,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 1.7%

KKR traded down $2.36 during trading hours on Tuesday, reaching $137.07. 2,671,624 shares of the stock traded hands, compared to its average volume of 4,234,324. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a market cap of $122.08 billion, a price-to-earnings ratio of 57.84, a PEG ratio of 1.59 and a beta of 1.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm's fifty day simple moving average is $126.05 and its two-hundred day simple moving average is $128.19.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly 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. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business's revenue was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. As a group, 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 declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date of this dividend was Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider owned 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy R. Barakett purchased 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the transaction, the director owned 185,000 shares in the company, valued at approximately $21,815,200. The trade was a 23.33% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

KKR has been the topic of a number of recent analyst reports. Piper Sandler started coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 price target on the stock. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $154.33.

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.