KKR & Co. Inc. (NYSE:KKR) Position Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,379,707 shares of the asset manager's stock after selling 549,099 shares during the period. KKR & Co. Inc. makes up 1.2% of Principal Financial Group Inc.'s investment portfolio, making the stock its 11th largest position. Principal Financial Group Inc. owned about 2.07% of KKR & Co. Inc. worth $2,124,878,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. First Bank & Trust lifted its position in KKR & Co. Inc. by 1.3% during the first quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock valued at $858,000 after buying an additional 98 shares in the last quarter. LRI Investments LLC lifted its position in KKR & Co. Inc. by 9.9% during the fourth quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock valued at $164,000 after buying an additional 100 shares in the last quarter. Lindbrook Capital LLC lifted its position in KKR & Co. Inc. by 3.3% during the fourth quarter. Lindbrook Capital LLC now owns 3,179 shares of the asset manager's stock valued at $470,000 after buying an additional 102 shares in the last quarter. AMG National Trust Bank lifted its position in KKR & Co. Inc. by 5.1% during the fourth quarter. AMG National Trust Bank now owns 2,185 shares of the asset manager's stock valued at $323,000 after buying an additional 106 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of KKR & Co. Inc. by 1.3% in the fourth quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock valued at $1,230,000 after buying an additional 110 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KKR shares. Piper Sandler assumed coverage on KKR & Co. Inc. in a research note on Monday. They issued an "overweight" rating and a $150.00 target price for the company. Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Citigroup lowered their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Bank of America dropped their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $149.47.

KKR & Co. Inc. Stock Up 3.0%

NYSE KKR traded up $4.10 during mid-day trading on Thursday, reaching $138.63. 2,650,555 shares of the company's stock traded hands, compared to its average volume of 4,217,819. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a fifty day simple moving average of $122.10 and a 200-day simple moving average of $129.07. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $123.46 billion, a price-to-earnings ratio of 58.49, a P/E/G ratio of 1.50 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm earned $0.97 EPS. KKR & Co. Inc.'s quarterly revenue was down 67.8% on a year-over-year basis. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling

In other news, Director Timothy R. Barakett bought 35,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director owned 185,000 shares in the company, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Scully bought 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director owned 13,250 shares in the company, valued at approximately $1,503,742.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by insiders.

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.