Samjo Management LLC Sells 3,400 Shares of KKR & Co. Inc. $KKR

Key Points

• Samjo Management LLC reduced its stake in KKR & Co. Inc. by 7.6%, now holding 41,045 shares, valued at approximately $4.75 million.
• The company declared a quarterly dividend of $0.185 per share, reflecting an increase from the previous $0.18 and yielding 0.5%.
• Analysts have set a new average price target of $157.73 for KKR, with thirteen ratings for a Buy and four for Hold.

Samjo Management LLC lowered its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,045 shares of the asset manager's stock after selling 3,400 shares during the period. KKR & Co. Inc. makes up about 2.0% of Samjo Management LLC's portfolio, making the stock its 17th largest holding. Samjo Management LLC's holdings in KKR & Co. Inc. were worth $4,745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. PFG Advisors raised its position in shares of KKR & Co. Inc. by 4.5% in the first quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock valued at $239,000 after buying an additional 90 shares in the last quarter. First Bank & Trust increased its stake in KKR & Co. Inc. by 1.3% during the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after acquiring an additional 98 shares during the period. LRI Investments LLC raised its holdings in KKR & Co. Inc. by 9.9% in the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock valued at $164,000 after acquiring an additional 100 shares in the last quarter. MGB Wealth Management LLC raised its holdings in KKR & Co. Inc. by 1.8% in the 1st quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager's stock valued at $672,000 after acquiring an additional 100 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of KKR & Co. Inc. by 2.3% during the 1st quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager's stock valued at $535,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KKR. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th. JMP Securities restated a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Piper Sandler initiated coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 target price for the company. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $157.73.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 1,150,469 shares of the stock in a transaction dated 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 completion of the sale, the chairman owned 73,006,022 shares of the company's stock, valued at approximately $8,746,121,435.60. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction that occurred 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 directly owned 82,171,884 shares in the company, valued at approximately $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 have sold 3,281,394 shares of company stock valued at $413,158,033 in the last ninety days. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $141.6710 on Friday. The stock has a market cap of $126.22 billion, a price-to-earnings ratio of 65.89, a P/E/G ratio of 1.52 and a beta of 1.87. 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 company has a 50 day simple moving average of $139.35 and a 200 day simple moving average of $126.54. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

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 net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be given a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is 34.42%.

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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