KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 11.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 9,073 shares of the asset manager’s stock after buying an additional 954 shares during the period. Avior Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of KKR. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $26,000. Mascagni Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. increased its stake in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $122.59 on Friday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month 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 firm has a market capitalization of $109.19 billion, a PE ratio of 51.73, a P/E/G ratio of 1.36 and a beta of 1.89. The company’s 50 day simple moving average is $117.65 and its 200 day simple moving average is $130.44.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm’s quarterly revenue was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a $0.185 dividend. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.’s payout ratio is 31.22%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their price target for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. JMP Securities dropped their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Barclays raised their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Citigroup dropped their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $149.43.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. 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 transaction, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Scully purchased 13,250 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director now owns 13,250 shares of the company’s stock, valued at $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by insiders.

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.