SOL Capital Management CO Has $16.04 Million Stake in KKR & Co. Inc. (NYSE:KKR)

SOL Capital Management CO boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 7.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,723 shares of the asset manager’s stock after purchasing an additional 9,720 shares during the period. KKR & Co. Inc. comprises approximately 1.8% of SOL Capital Management CO’s investment portfolio, making the stock its 11th biggest position. SOL Capital Management CO’s holdings in KKR & Co. Inc. were worth $16,038,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $26,000. Mascagni Wealth Management Inc. bought a new position in KKR & Co. Inc. in the 4th quarter valued at about $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in KKR & Co. Inc. in the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $36,000. Finally, HM Payson & Co. boosted its stake in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after buying an additional 272 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the acquisition, the director now owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Company insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of a number of research analyst reports. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their price target for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Bank of America decreased their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Morgan Stanley raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. JMP Securities decreased their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen decreased their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $149.43.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $128.89 on Thursday. 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 simple moving average of $119.03 and a two-hundred day simple moving average of $129.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $114.79 billion, a P/E ratio of 54.38, a P/E/G ratio of 1.42 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR) last posted 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. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business’s revenue for the quarter was down 67.8% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. On average, analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.22%.

About KKR & Co. Inc.

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.