Sapient Capital LLC Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Sapient Capital LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 363,890 shares of the asset manager’s stock after buying an additional 795 shares during the quarter. KKR & Co. Inc. makes up about 0.8% of Sapient Capital LLC’s portfolio, making the stock its 23rd biggest position. Sapient Capital LLC’s holdings in KKR & Co. Inc. were worth $42,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KKR. Tallon Kerry Patrick purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $207,000. Brighton Jones LLC raised its holdings in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of KKR & Co. Inc. by 15.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,253 shares of the asset manager’s stock worth $333,000 after buying an additional 302 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of KKR & Co. Inc. by 10.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,151 shares of the asset manager’s stock worth $1,354,000 after buying an additional 836 shares during the period. Finally, Savant Capital LLC raised its holdings in shares of KKR & Co. Inc. by 27.5% in the fourth quarter. Savant Capital LLC now owns 2,001 shares of the asset manager’s stock worth $296,000 after buying an additional 431 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider now owns 13,260,971 shares of the company’s stock, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 value of $142,573,261.20. Following the sale, the chairman now directly owns 82,171,884 shares of the company’s stock, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 in the last quarter. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Up 1.6%

KKR & Co. Inc. stock opened at $126.00 on Thursday. 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 stock has a market capitalization of $112.22 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 1.00 and a beta of 1.89. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The business has a fifty day moving average price of $114.68 and a 200-day moving average price of $132.25.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business’s quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given 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 presently 31.22%.

Wall Street Analyst Weigh In

KKR has been the topic of several research reports. Barclays raised their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, May 23rd. JMP Securities reduced their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Bank of America reduced their price objective 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. Finally, HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced 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 given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Buy” and an average target price of $149.43.

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.