Barnes Dennig Private Wealth Management LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 436 shares of the asset manager’s stock, valued at approximately $50,000.

A number of other large investors also recently modified their holdings of the company. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $26,000. Mascagni Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $36,000. Finally, HM Payson & Co. boosted its stake in 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 purchasing an additional 272 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Henry R. Kravis sold 1,150,469 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the sale, the chairman directly owned 73,006,022 shares of the company’s stock, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, with a total value of $1,503,742.50. Following the purchase, the director directly owned 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 0.8%

Shares of NYSE:KKR opened at $133.24 on Tuesday. The business’s 50-day moving average is $120.94 and its 200 day moving average is $129.01. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a market capitalization of $118.67 billion, a P/E ratio of 56.22, a P/E/G ratio of 1.49 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The company’s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. On average, research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a $0.185 dividend. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 0.64%. This is a boost from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.22%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KKR shares. JMP Securities reduced their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Piper Sandler started coverage on shares of KKR & Co. Inc. in a research report on Monday. They set an “overweight” rating and a $150.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. HSBC upgraded 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 report on Tuesday, April 15th. Finally, TD Cowen reduced their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $149.47.

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.