Strategic Blueprint LLC Buys 5,310 Shares of KKR & Co. Inc. (NYSE:KKR)

Strategic Blueprint LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,408 shares of the asset manager's stock after purchasing an additional 5,310 shares during the period. Strategic Blueprint LLC's holdings in KKR & Co. Inc. were worth $5,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. increased its position in KKR & Co. Inc. by 13.7% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 7,621 shares of the asset manager's stock valued at $881,000 after acquiring an additional 917 shares during the last quarter. SMART Wealth LLC increased its position in shares of KKR & Co. Inc. by 53.2% during the 1st quarter. SMART Wealth LLC now owns 5,748 shares of the asset manager's stock valued at $665,000 after purchasing an additional 1,996 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of KKR & Co. Inc. by 9.6% in the 1st quarter. IFM Investors Pty Ltd now owns 121,865 shares of the asset manager's stock worth $14,089,000 after purchasing an additional 10,692 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 10.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 13,796 shares of the asset manager's stock worth $1,595,000 after purchasing an additional 1,311 shares during the period. Finally, Fisher Funds Management LTD boosted its holdings in shares of KKR & Co. Inc. by 36.9% in the first quarter. Fisher Funds Management LTD now owns 176,992 shares of the asset manager's stock worth $20,462,000 after buying an additional 47,708 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert W. Scully acquired 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director directly owned 13,250 shares in the company, valued at approximately $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 in the last 90 days. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $4.10 on Friday, hitting $138.63. 2,650,555 shares of the company traded hands, compared to its average volume of 4,217,819. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business has a 50-day simple moving average of $122.60 and a 200 day simple moving average of $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 stock has a market capitalization of $123.46 billion, a P/E ratio of 58.49, a price-to-earnings-growth ratio of 1.54 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly 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. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm posted $0.97 EPS. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. Research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued 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 31.22%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KKR. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. JMP Securities reduced their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Piper Sandler began coverage on KKR & Co. Inc. in a research report on Monday. They set an "overweight" rating and a $150.00 target price on the stock. Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently 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.