KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 44,654 shares of the asset manager’s stock after buying an additional 435 shares during the period. Gotham Asset Management LLC’s holdings in KKR & Co. Inc. were worth $6,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock worth $8,384,650,000 after acquiring an additional 441,817 shares in the last quarter. Geode Capital Management LLC grew its stake in KKR & Co. Inc. by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock worth $2,073,624,000 after buying an additional 458,048 shares during the last quarter. FMR LLC grew its stake in KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock worth $1,775,421,000 after buying an additional 752,056 shares during the last quarter. Norges Bank purchased a new position in KKR & Co. Inc. during the 4th quarter worth approximately $1,435,314,000. Finally, Northern Trust Corp grew its stake in KKR & Co. Inc. by 10.8% during the 4th quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager’s stock worth $909,741,000 after buying an additional 600,696 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KKR. Hsbc Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Citigroup dropped their price target on 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. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their price target for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Finally, Bank of America dropped their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Insider Activity at KKR & Co. Inc.

In related 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 completion of the transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert W. Scully acquired 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, 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. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 1.3%

KKR & Co. Inc. stock opened at $126.89 on Wednesday. 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. The company has a market cap of $112.71 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The stock’s 50 day moving average price is $111.32 and its 200 day moving average price is $135.92.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was down 67.8% compared to the same quarter last year. On average, sell-side analysts predict 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 will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s payout ratio is 31.22%.

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.