Sapient Capital LLC grew its stake in KKR & Co. Inc. (NYSE:KKR – Free Report) by 0.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 363,890 shares of the asset manager’s stock after purchasing an additional 795 shares during the period. KKR & Co. Inc. comprises 0.8% of Sapient Capital LLC’s investment portfolio, making the stock its 23rd biggest position. Sapient Capital LLC’s holdings in KKR & Co. Inc. were worth $42,069,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after purchasing an additional 69 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock worth $191,000 after purchasing an additional 70 shares during the last quarter. Edge Capital Group LLC boosted its holdings in shares of KKR & Co. Inc. by 3.9% during the 4th quarter. Edge Capital Group LLC now owns 2,058 shares of the asset manager’s stock worth $304,000 after purchasing an additional 78 shares during the last quarter. Montag A & Associates Inc. boosted its holdings in shares of KKR & Co. Inc. by 3.1% during the 4th quarter. Montag A & Associates Inc. now owns 2,972 shares of the asset manager’s stock worth $440,000 after purchasing an additional 88 shares during the last quarter. Finally, LRI Investments LLC boosted its holdings in shares of KKR & Co. Inc. by 9.9% during the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager’s stock worth $164,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Hsbc Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. TD Cowen lowered their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. 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 report on Friday, April 4th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and lowered their target price for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Finally, Citigroup lowered their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. One 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $149.43.
KKR & Co. Inc. Stock Up 1.6%
NYSE:KKR opened at $126.00 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average is $114.68 and its two-hundred day moving average is $132.25. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a market capitalization of $112.22 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 1.00 and a beta of 1.89.
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, topping analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The firm’s revenue was down 67.8% compared to the same quarter last year. 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 declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.185 per share. This represents a yield of 0.64%. 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. KKR & Co. Inc.’s dividend payout ratio is 31.22%.
Insiders Place Their Bets
In other news, Chairman Henry R. Kravis sold 130,925 shares of the 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 sale, the chairman now directly 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 is accessible through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 over the last ninety days. Corporate insiders own 39.34% of the company’s stock.
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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