SMART Wealth LLC Purchases 1,996 Shares of KKR & Co. Inc. (NYSE:KKR)

SMART Wealth LLC boosted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 53.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,748 shares of the asset manager's stock after acquiring an additional 1,996 shares during the period. SMART Wealth LLC's holdings in KKR & Co. Inc. were worth $665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. Norges Bank bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $1,435,314,000. Nuveen Asset Management LLC increased its stake in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after acquiring an additional 3,391,581 shares during the period. GQG Partners LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $325,752,000. Raymond James Financial Inc. acquired a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $218,918,000. Finally, GAMMA Investing LLC boosted its holdings in KKR & Co. Inc. by 10,808.5% during the first quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after purchasing an additional 1,145,158 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the sale, the chairman owned 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. This trade represents a 0.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the sale, the insider directly owned 13,260,971 shares in the company, valued at $453,525,208.20. This represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,471,488 shares of company stock worth $501,529,092 in the last three months. 39.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent research reports. Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Citigroup reduced their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Finally, Piper Sandler started coverage on KKR & Co. Inc. in a report on Monday. They issued an "overweight" rating and a $150.00 target price on the stock. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $149.47.

KKR & Co. Inc. Stock Up 3.0%

NYSE:KKR opened at $138.63 on Friday. The stock's fifty day moving average price is $122.60 and its two-hundred day moving average price is $128.95. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. 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. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results 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 company 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 quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 EPS. On average, analysts anticipate 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. Investors 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 of this dividend was Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

KKR & Co. Inc. Company 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.

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