Sumitomo Mitsui Trust Group Inc. Has $161.30 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,395,198 shares of the asset manager's stock after purchasing an additional 5,307 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.16% of KKR & Co. Inc. worth $161,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KKR. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter worth $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. during the 4th quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth $36,000. Finally, HM Payson & Co. lifted its position in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KKR shares. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Morgan Stanley raised shares of 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 research report on Wednesday, May 14th. Bank of America cut their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Citigroup lowered their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $149.43.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 35,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director now directly owns 185,000 shares in the company, valued at approximately $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available 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 value of $205,200,000.00. Following the sale, the insider now owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. 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.

KKR & Co. Inc. Trading Up 2.0%

Shares of KKR opened at $134.52 on Friday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a 50 day simple moving average of $120.23 and a 200-day simple moving average of $129.34. The stock has a market cap of $119.81 billion, a PE ratio of 56.76, a PEG ratio of 1.49 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the prior year, the firm posted $0.97 EPS. KKR & Co. Inc.'s quarterly revenue was down 67.8% compared to the same quarter last year. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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