Sei Investments Co. Purchases 171,902 Shares of KKR & Co. Inc. (NYSE:KKR)

Sei Investments Co. increased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 19.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,037,530 shares of the asset manager's stock after buying an additional 171,902 shares during the quarter. Sei Investments Co. owned about 0.12% of KKR & Co. Inc. worth $104,355,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in KKR & Co. Inc. during the first quarter valued at about $27,000. Blue Trust Inc. lifted its holdings in KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock valued at $26,000 after purchasing an additional 211 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $30,000. Missouri Trust & Investment Co boosted its holdings in KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager's stock worth $38,000 after buying an additional 368 shares during the period. Finally, First United Bank & Trust purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $41,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on KKR shares. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $116.00 to $125.00 and gave the stock an "outperform" rating in a research report on Friday. Barclays lifted their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, July 10th. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, June 11th. Finally, TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a "buy" rating for the company in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus target price of $101.20.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company's stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the firm's stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, the insider now directly owns 9,688,618 shares of the company's stock, valued at approximately $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company's stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at $413,501,375.04. The disclosure for this sale can be found here. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 3.8 %

Shares of KKR traded up $4.24 during midday trading on Monday, hitting $114.98. The stock had a trading volume of 3,618,205 shares, compared to its average volume of 5,015,218. The stock's 50 day moving average is $105.86 and its 200 day moving average is $97.66. The firm has a market cap of $102.03 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $115.00.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The firm had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. As a group, analysts forecast that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a dividend of $0.175 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.61%. KKR & Co. Inc.'s dividend payout ratio is currently 15.70%.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.