Ballast Inc. Buys 405 Shares of KKR & Co. Inc. (NYSE:KKR)

Ballast Inc. raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 16.2% in the 1st quarter, Holdings Channel reports. The firm owned 2,905 shares of the asset manager’s stock after purchasing an additional 405 shares during the quarter. Ballast Inc.’s holdings in KKR & Co. Inc. were worth $336,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KKR. Nuveen LLC bought a new position in KKR & Co. Inc. during the 1st quarter worth $844,137,000. Jennison Associates LLC raised its position in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock worth $507,972,000 after purchasing an additional 4,306,290 shares during the last quarter. Nuveen Asset Management LLC raised its position in KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock worth $973,894,000 after purchasing an additional 3,391,581 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of KKR & Co. Inc. by 10,808.5% in the 1st quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager’s stock worth $133,617,000 after acquiring an additional 1,145,158 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, 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 completion of the transaction, the chairman owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $137,826,186.20. Following the transaction, the chairman owned 73,006,022 shares of the company’s stock, valued at $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,281,394 shares of company stock worth $413,158,033. Insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KKR. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Wells Fargo & Company lifted their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. Piper Sandler began coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, Citigroup lifted their price objective on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.73.

KKR & Co. Inc. Price Performance

KKR stock opened at $142.82 on Monday. The company has a market capitalization of $127.20 billion, a P/E ratio of 66.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The business has a 50-day simple moving average of $135.44 and a two-hundred day simple moving average of $127.51.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. During the same quarter in the previous year, the business earned $1.09 EPS. Research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is 34.42%.

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.