Stratos Wealth Partners LTD. Sells 2,613 Shares of KKR & Co. Inc. (NYSE:KKR)

Stratos Wealth Partners LTD. decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,571 shares of the asset manager's stock after selling 2,613 shares during the period. Stratos Wealth Partners LTD.'s holdings in KKR & Co. Inc. were worth $991,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $36,000. Finally, Ameriflex Group Inc. bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KKR shares. Piper Sandler initiated coverage on KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 target price on the stock. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday. TD Cowen decreased their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, Bank of America cut their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $155.20.

KKR & Co. Inc. Stock Down 1.3%

KKR stock opened at $141.13 on Friday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. 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 stock has a market capitalization of $125.70 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 1.58 and a beta of 1.88. The business's fifty day moving average price is $125.56 and its two-hundred day moving average price is $128.43.

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, topping the consensus estimate 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 business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The business's revenue was down 67.8% on a year-over-year basis. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business 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. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is currently 31.22%.

Insider Activity

In related news, Director Timothy R. Barakett purchased 35,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the purchase, the director directly owned 185,000 shares in the company, valued at $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction dated 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 sale, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.