Wealthfront Advisers LLC Raises Stake in KKR & Co. Inc. (NYSE:KKR)

Wealthfront Advisers LLC grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 24.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,000 shares of the asset manager's stock after purchasing an additional 10,659 shares during the quarter. Wealthfront Advisers LLC's holdings in KKR & Co. Inc. were worth $6,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KKR. Mountain Hill Investment Partners Corp. purchased a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $38,000. Poehling Capital Management INC. purchased a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $3,813,000. Massachusetts Financial Services Co. MA grew its position in shares of KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after buying an additional 2,391,434 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of KKR & Co. Inc. by 430.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 355,246 shares of the asset manager's stock valued at $41,070,000 after buying an additional 288,221 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its position in shares of KKR & Co. Inc. by 28.0% in the 1st quarter. Apollon Wealth Management LLC now owns 17,079 shares of the asset manager's stock valued at $1,975,000 after buying an additional 3,736 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $1.52 during midday trading on Friday, hitting $146.08. The company had a trading volume of 3,123,293 shares, compared to its average volume of 5,138,974. 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. has a twelve month low of $86.15 and a twelve month high of $170.40. The business has a 50-day simple moving average of $127.63 and a two-hundred day simple moving average of $128.35. The firm has a market capitalization of $130.10 billion, a price-to-earnings ratio of 61.64, a price-to-earnings-growth ratio of 1.59 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the business earned $0.97 earnings per share. The business's revenue for the quarter was down 67.8% compared to the same quarter last year. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share 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 paid a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date of this dividend was Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 31.22%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 price objective on the stock. JMP Securities reissued a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research report on Monday. Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.33.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. 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 owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by company 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.