KKR & Co. Inc. (NYSE:KKR) Position Lifted by Triangle Securities Wealth Management

Triangle Securities Wealth Management boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,333 shares of the asset manager's stock after buying an additional 3,491 shares during the quarter. KKR & Co. Inc. makes up about 1.9% of Triangle Securities Wealth Management's investment portfolio, making the stock its 9th largest holding. Triangle Securities Wealth Management's holdings in KKR & Co. Inc. were worth $7,438,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sweeney & Michel LLC purchased a new position in KKR & Co. Inc. during the first quarter valued at approximately $404,000. Czech National Bank lifted its holdings in shares of KKR & Co. Inc. by 5.9% in the first quarter. Czech National Bank now owns 155,049 shares of the asset manager's stock worth $17,925,000 after buying an additional 8,683 shares in the last quarter. Mirador Capital Partners LP lifted its holdings in shares of KKR & Co. Inc. by 3.7% in the first quarter. Mirador Capital Partners LP now owns 97,923 shares of the asset manager's stock worth $11,321,000 after buying an additional 3,511 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of KKR & Co. Inc. by 2.6% in the first quarter. Rhumbline Advisers now owns 1,090,536 shares of the asset manager's stock worth $126,077,000 after buying an additional 27,809 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of KKR & Co. Inc. by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,877 shares of the asset manager's stock worth $911,000 after buying an additional 339 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup lowered their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. TD Cowen cut their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. 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 on the stock in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Stock Up 2.3%

Shares of KKR stock traded up $2.82 during mid-day trading on Friday, hitting $123.46. 2,324,759 shares of the stock traded hands, compared to its average volume of 5,026,358. The stock has a market cap of $109.96 billion, a P/E ratio of 37.08, a P/E/G ratio of 1.00 and a beta of 1.89. The stock's fifty day moving average is $113.54 and its two-hundred day moving average is $132.91. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company's quarterly revenue was down 67.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 earnings per share. Equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.185 dividend. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Insider Activity at KKR & Co. Inc.

In other news, Director Robert W. Scully acquired 13,250 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares of the company's stock, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 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 $142,573,261.20. Following the sale, the chairman now directly owns 82,171,884 shares in the company, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 in the last three months. 39.34% of the stock is owned by insiders.

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.