OLD National Bancorp IN Has $731,000 Stock Position in KKR & Co. Inc. (NYSE:KKR)

OLD National Bancorp IN reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,326 shares of the asset manager’s stock after selling 487 shares during the period. OLD National Bancorp IN’s holdings in KKR & Co. Inc. were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Wedmont Private Capital lifted its position in KKR & Co. Inc. by 26.5% during the 1st quarter. Wedmont Private Capital now owns 5,465 shares of the asset manager’s stock worth $632,000 after buying an additional 1,145 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of KKR & Co. Inc. by 8.1% in the first quarter. Sivia Capital Partners LLC now owns 1,813 shares of the asset manager’s stock worth $210,000 after acquiring an additional 136 shares during the last quarter. Pines Wealth Management LLC raised its stake in shares of KKR & Co. Inc. by 3.0% in the first quarter. Pines Wealth Management LLC now owns 4,115 shares of the asset manager’s stock worth $476,000 after acquiring an additional 121 shares during the last quarter. Fjell Capital LLC lifted its position in shares of KKR & Co. Inc. by 12.8% during the first quarter. Fjell Capital LLC now owns 4,313 shares of the asset manager’s stock worth $499,000 after purchasing an additional 490 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of KKR & Co. Inc. by 532.9% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,443 shares of the asset manager’s stock valued at $167,000 after purchasing an additional 1,215 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $123.27 on Tuesday. The company has a market capitalization of $109.79 billion, a P/E ratio of 37.02, a P/E/G ratio of 1.00 and a beta of 1.89. The business has a fifty day simple moving average of $113.58 and a two-hundred day simple moving average of $132.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm’s quarterly revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. 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 company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders 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 is presently 31.22%.

Insider Transactions at KKR & Co. Inc.

In related news, Director Robert W. Scully purchased 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the sale, the chairman now directly owns 82,171,884 shares of the company’s stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KKR. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Morgan Stanley raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Bank of America cut their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, JMP Securities dropped 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. One research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Buy” and an average price target of $149.43.

KKR & Co. Inc. Company 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.