KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 10.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 68,414 shares of the asset manager’s stock after buying an additional 6,289 shares during the period. Pathstone Holdings LLC’s holdings in KKR & Co. Inc. were worth $10,120,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Mufg Securities Americas Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $1,474,000. Man Group plc grew its position in shares of KKR & Co. Inc. by 280.1% in the 4th quarter. Man Group plc now owns 25,206 shares of the asset manager’s stock worth $3,728,000 after acquiring an additional 18,574 shares in the last quarter. NorthRock Partners LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $427,000. Nuveen Asset Management LLC grew its position in shares of KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock worth $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. Finally, Meketa Capital LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $2,655,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Scully bought 13,250 shares of the business’s stock in a transaction 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 purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Down 2.8%

NYSE:KKR opened at $125.42 on Friday. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm has a market capitalization of $111.40 billion, a P/E ratio of 37.66, a P/E/G ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50 day simple moving average of $111.94 and a 200 day simple moving average of $135.77.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results 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 firm 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 6.20% and a net margin of 14.31%. The firm’s revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. Equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. The ex-dividend date is Monday, May 12th. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s payout ratio is presently 31.22%.

Analyst Ratings Changes

KKR has been the subject of several research reports. JMP Securities decreased their target price on 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. Citigroup decreased their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their target price 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 Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. Finally, TD Cowen decreased their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $149.14.

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.