Sequoia Financial Advisors LLC Buys 7,481 Shares of KKR & Co. Inc. (NYSE:KKR)

Sequoia Financial Advisors LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 48.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,827 shares of the asset manager's stock after acquiring an additional 7,481 shares during the period. Sequoia Financial Advisors LLC's holdings in KKR & Co. Inc. were worth $2,639,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KKR. Brighton Jones LLC lifted its position in shares of 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 acquiring an additional 2,437 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in shares of KKR & Co. Inc. by 5.1% in the fourth quarter. NewEdge Wealth LLC now owns 15,710 shares of the asset manager's stock valued at $2,324,000 after purchasing an additional 763 shares in the last quarter. Kovack Advisors Inc. boosted its position in shares of KKR & Co. Inc. by 4.1% in the fourth quarter. Kovack Advisors Inc. now owns 4,136 shares of the asset manager's stock worth $612,000 after buying an additional 162 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of KKR & Co. Inc. by 0.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after buying an additional 69 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of KKR & Co. Inc. by 7.8% during the fourth quarter. QRG Capital Management Inc. now owns 25,418 shares of the asset manager's stock valued at $3,760,000 after buying an additional 1,843 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Down 0.6%

Shares of NYSE:KKR traded down $0.75 on Monday, reaching $133.54. The company had a trading volume of 311,172 shares, compared to its average volume of 4,204,871. The stock has a market capitalization of $118.93 billion, a P/E ratio of 56.38, a P/E/G ratio of 1.49 and a beta of 1.89. The stock has a 50-day moving average price of $120.23 and a 200 day moving average price of $129.16. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

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. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The firm's revenue was down 67.8% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.185 dividend. This represents a dividend yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider now owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. This trade represents a 31.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 now directly owns 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. In the last three months, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Company insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KKR shares. Citigroup decreased their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Barclays raised their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. JMP Securities cut their target price on shares of 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. Finally, Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a report on Monday. They set an "overweight" rating and a $150.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $149.47.

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.