Global Wealth Management Investment Advisory Inc. Has $881,000 Position in KKR & Co. Inc. (NYSE:KKR)

Global Wealth Management Investment Advisory Inc. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 13.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,621 shares of the asset manager’s stock after buying an additional 917 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in KKR & Co. Inc. were worth $881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SMART Wealth LLC raised its holdings in KKR & Co. Inc. by 53.2% in the 1st quarter. SMART Wealth LLC now owns 5,748 shares of the asset manager’s stock valued at $665,000 after acquiring an additional 1,996 shares during the period. IFM Investors Pty Ltd lifted its holdings in KKR & Co. Inc. by 9.6% during the 1st quarter. IFM Investors Pty Ltd now owns 121,865 shares of the asset manager’s stock worth $14,089,000 after purchasing an additional 10,692 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in KKR & Co. Inc. by 10.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 13,796 shares of the asset manager’s stock valued at $1,595,000 after purchasing an additional 1,311 shares during the period. Fisher Funds Management LTD boosted its stake in KKR & Co. Inc. by 36.9% in the 1st quarter. Fisher Funds Management LTD now owns 176,992 shares of the asset manager’s stock valued at $20,462,000 after purchasing an additional 47,708 shares during the period. Finally, Conning Inc. increased its position in KKR & Co. Inc. by 40.8% during the 1st quarter. Conning Inc. now owns 3,361 shares of the asset manager’s stock worth $389,000 after buying an additional 974 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director directly owned 13,250 shares of the company’s stock, valued at $1,503,742.50. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,471,488 shares of company stock valued at $501,529,092 over the last three months. Insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JMP Securities reduced their target price on shares of 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. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. HSBC raised shares of 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. Piper Sandler initiated coverage on KKR & Co. Inc. in a research note on Monday. They issued an “overweight” rating and a $150.00 price target for the company. Finally, TD Cowen lowered their price objective on 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 analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $149.47.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $138.63 on Friday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. 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 cap of $123.46 billion, a price-to-earnings ratio of 58.49, a PEG ratio of 1.50 and a beta of 1.88. The firm has a 50 day simple moving average of $122.60 and a 200 day simple moving average of $128.95.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.’s revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. 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 company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a dividend yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio 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.