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

Triangle Securities Wealth Management lifted 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 SEC. The firm owned 64,333 shares of the asset manager's stock after buying an additional 3,491 shares during the period. KKR & Co. Inc. makes up approximately 1.9% of Triangle Securities Wealth Management's holdings, making the stock its 9th largest position. Triangle Securities Wealth Management's holdings in KKR & Co. Inc. were worth $7,438,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $1,435,314,000. Nuveen Asset Management LLC lifted its position in KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the period. GQG Partners LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $325,752,000. Proficio Capital Partners LLC increased its position in KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $218,918,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

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

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of analyst reports. JMP Securities decreased their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Bank of America reduced their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Finally, HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Price Performance

NYSE:KKR traded up $0.11 during trading hours on Thursday, reaching $120.62. 2,600,407 shares of the company traded hands, compared to its average volume of 5,028,077. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm's 50-day moving average is $113.33 and its 200-day moving average is $133.33. The stock has a market cap of $107.43 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm's revenue for the quarter was down 67.8% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Equities 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. Shareholders of record on Tuesday, May 13th were paid a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.'s payout ratio is presently 31.22%.

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.