River Global Investors LLP Has $1.23 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

River Global Investors LLP decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,859 shares of the asset manager’s stock after selling 130 shares during the period. River Global Investors LLP’s holdings in KKR & Co. Inc. were worth $1,231,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sapient Capital LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $256,000. Axxcess Wealth Management LLC bought a new position in KKR & Co. Inc. during the fourth quarter worth $346,000. U.S. Capital Wealth Advisors LLC acquired a new position in KKR & Co. Inc. during the 4th quarter valued at $253,000. M&T Bank Corp boosted its holdings in KKR & Co. Inc. by 38.5% in the 4th quarter. M&T Bank Corp now owns 25,572 shares of the asset manager’s stock valued at $2,119,000 after purchasing an additional 7,107 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter worth $462,000. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. TD Cowen decreased their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday. Barclays upped their target price on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, JMP Securities lifted their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the purchase, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock traded down $2.12 during trading on Friday, hitting $95.01. 5,831,690 shares of the stock traded hands, compared to its average volume of 3,719,035. The stock has a market cap of $84.08 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 0.88 and a beta of 1.62. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The company has a 50 day simple moving average of $97.61 and a 200 day simple moving average of $84.65.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. Equities analysts expect that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a $0.175 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 10th. This represents a $0.70 annualized dividend and a yield of 0.74%. KKR & Co. Inc.’s payout ratio is presently 14.80%.

About KKR & Co. Inc.

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.