UMB Bank n.a. Has $1.43 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

UMB Bank n.a. decreased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 77.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,405 shares of the asset manager's stock after selling 42,494 shares during the quarter. UMB Bank n.a.'s holdings in KKR & Co. Inc. were worth $1,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in KKR & Co. Inc. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after purchasing an additional 441,817 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of KKR & Co. Inc. by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after buying an additional 458,048 shares during the period. FMR LLC boosted its position in shares of KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after buying an additional 752,056 shares during the period. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $1,435,314,000. Finally, Nuveen Asset Management LLC raised its position in KKR & Co. Inc. by 106.2% during 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 buying an additional 3,391,581 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KKR shares. Bank of America lowered their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $149.43.

Insiders Place Their Bets

In related news, Director Timothy R. Barakett acquired 35,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were bought at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the transaction, the director now directly owns 185,000 shares of the company's stock, valued at $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the sale, the insider now directly owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. The trade was 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 worth $501,529,092. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE KKR traded up $0.84 during trading on Tuesday, reaching $124.09. 2,942,002 shares of the company's stock were exchanged, compared to its average volume of 5,007,826. The business has a 50 day moving average price of $113.58 and a 200-day moving average price of $132.35. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The stock has a market capitalization of $110.52 billion, a P/E ratio of 37.26, a PEG ratio of 1.00 and a beta of 1.89. 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. Sell-side analysts forecast 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 declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is 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.