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

Pathstone Holdings LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,414 shares of the asset manager’s stock after acquiring 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 large investors have also made changes to their positions in KKR. Norges Bank acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $1,435,314,000. Nuveen Asset Management LLC boosted its stake in shares of KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock valued at $973,894,000 after acquiring an additional 3,391,581 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $325,752,000. Proficio Capital Partners LLC boosted its stake in shares of KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after acquiring an additional 1,542,092 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $218,918,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity

In related news, Director Robert W. Scully bought 13,250 shares of the stock in a transaction dated 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 completion of the purchase, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the sale, the insider now owns 13,260,971 shares of the company’s stock, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $125.42 on Friday. The stock’s 50-day moving average is $111.94 and its 200-day moving average is $135.77. The company has a market cap of $111.40 billion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth 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. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.20% and a net margin of 14.31%. The company’s quarterly revenue was down 67.8% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. Equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders 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 represents a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.22%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup decreased their price objective 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. Keefe, Bruyette & Woods increased 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. Morgan Stanley upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $150.00 in a research report on Wednesday. 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 reduced their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $149.14.

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.