SOL Capital Management CO Has $16.04 Million Stake in KKR & Co. Inc. (NYSE:KKR)

SOL Capital Management CO increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,723 shares of the asset manager's stock after acquiring an additional 9,720 shares during the period. KKR & Co. Inc. makes up approximately 1.8% of SOL Capital Management CO's investment portfolio, making the stock its 11th biggest position. SOL Capital Management CO's holdings in KKR & Co. Inc. were worth $16,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KKR. Spire Wealth Management lifted its position in KKR & Co. Inc. by 3.9% in the first quarter. Spire Wealth Management now owns 11,701 shares of the asset manager's stock worth $1,353,000 after purchasing an additional 443 shares during the period. Daymark Wealth Partners LLC raised its stake in shares of KKR & Co. Inc. by 19.3% in the 1st quarter. Daymark Wealth Partners LLC now owns 14,585 shares of the asset manager's stock worth $1,686,000 after buying an additional 2,361 shares in the last quarter. Golden State Equity Partners lifted its holdings in shares of KKR & Co. Inc. by 8.2% in the first quarter. Golden State Equity Partners now owns 5,770 shares of the asset manager's stock valued at $667,000 after buying an additional 439 shares during the period. Moran Wealth Management LLC lifted its holdings in shares of KKR & Co. Inc. by 28.0% in the first quarter. Moran Wealth Management LLC now owns 1,803 shares of the asset manager's stock valued at $208,000 after buying an additional 394 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in KKR & Co. Inc. by 21.0% during the first quarter. International Assets Investment Management LLC now owns 2,927 shares of the asset manager's stock valued at $338,000 after buying an additional 507 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Trading Up 2.5%

Shares of NYSE:KKR traded up $3.26 during mid-day trading on Thursday, hitting $132.10. The stock had a trading volume of 3,914,921 shares, compared to its average volume of 4,266,494. The company's 50 day moving average is $119.03 and its 200-day moving average is $129.79. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. 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 $117.65 billion, a PE ratio of 55.74, a P/E/G ratio of 1.42 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 14.75% and a return on equity of 6.43%. The company's revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared 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. This represents a yield of 0.64%. This is a positive change 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 related news, Director Robert W. Scully acquired 13,250 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider now owns 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on KKR shares. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Bank of America dropped their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Citigroup decreased their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $149.43.

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.