Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,828 shares of the asset manager's stock after selling 5,203 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in KKR & Co. Inc. were worth $14,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. grew its holdings in KKR & Co. Inc. by 0.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after acquiring an additional 69 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after acquiring an additional 70 shares in the last quarter. Edge Capital Group LLC lifted its position in KKR & Co. Inc. by 3.9% during the fourth quarter. Edge Capital Group LLC now owns 2,058 shares of the asset manager's stock worth $304,000 after buying an additional 78 shares in the last quarter. LRI Investments LLC lifted its position in KKR & Co. Inc. by 9.9% during the fourth quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock worth $164,000 after buying an additional 100 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in KKR & Co. Inc. by 3.3% during the fourth quarter. Lindbrook Capital LLC now owns 3,179 shares of the asset manager's stock worth $470,000 after buying an additional 102 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Bank of America dropped their price objective on 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. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $149.43.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total value of $15,929,644.75. Following the transaction, the chairman now owns 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the acquisition, 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 90 days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Stock Up 0.1%

KKR opened at $122.59 on Monday. The company has a market cap of $109.19 billion, a PE ratio of 51.73, a P/E/G ratio of 1.36 and a beta of 1.89. The business has a 50 day moving average price of $117.65 and a two-hundred day moving average price of $130.06. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

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 the consensus estimate of $1.71 billion. During the same period in the prior year, the business posted $0.97 EPS. The company's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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