Rafferty Asset Management LLC Buys 8,599 Shares of KKR & Co. Inc. (NYSE:KKR)

Rafferty Asset Management LLC boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 239,761 shares of the asset manager’s stock after purchasing an additional 8,599 shares during the period. Rafferty Asset Management LLC’s holdings in KKR & Co. Inc. were worth $35,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the 4th quarter valued at about $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $36,000. Finally, HM Payson & Co. raised its holdings in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 1.7%

NYSE:KKR opened at $129.02 on Thursday. The company has a market cap of $114.60 billion, a PE ratio of 38.74, a P/E/G ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $111.59 and its two-hundred day moving average is $135.88.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. KKR & Co. Inc.’s revenue was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. Analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Scully acquired 13,250 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now directly owns 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on KKR. TD Cowen reduced their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their price target for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $150.00 in a report on Wednesday. Finally, JMP Securities cut their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research report 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. According to MarketBeat.com, the company presently has an average 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.