QRG Capital Management Inc. Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

QRG Capital Management Inc. boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 84.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,878 shares of the asset manager's stock after buying an additional 21,460 shares during the quarter. QRG Capital Management Inc.'s holdings in KKR & Co. Inc. were worth $5,420,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $26,000. Mascagni Wealth Management Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. boosted its stake in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after acquiring an additional 272 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the transaction, the chairman now directly owns 73,006,022 shares in the company, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman now owns 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 over the last three months. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 1.9%

NYSE KKR opened at $121.04 on Wednesday. The company has a market capitalization of $107.80 billion, a PE ratio of 51.07, a P/E/G ratio of 1.37 and a beta of 1.89. The company has a fifty day moving average of $116.58 and a 200 day moving average of $131.00. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm's quarterly revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. Research analysts forecast 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. Investors of record on Tuesday, May 13th were given a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KKR. TD Cowen lowered their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their target price for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. Bank of America lowered their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, Citigroup lowered their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Buy" and a consensus target price of $149.43.

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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