Quantinno Capital Management LP Has $5.49 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Quantinno Capital Management LP lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 46.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 37,091 shares of the asset manager’s stock after purchasing an additional 11,822 shares during the quarter. Quantinno Capital Management LP’s holdings in KKR & Co. Inc. were worth $5,486,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KKR. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $1,435,314,000. Nuveen Asset Management LLC increased its holdings 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 worth $973,894,000 after buying an additional 3,391,581 shares in the last quarter. GQG Partners LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $325,752,000. Proficio Capital Partners LLC grew its stake in shares of KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $218,918,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $125.87 on Friday. The firm has a market capitalization of $112.10 billion, a P/E ratio of 37.80, a P/E/G ratio of 1.00 and a beta of 1.91. The firm’s 50-day moving average price is $112.21 and its 200-day moving average price is $135.65. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year 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 earnings per share (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 analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business’s revenue was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction dated 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 owns 19,260,971 shares in the company, 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 SEC, which is available at this link. Also, Director Robert W. Scully bought 13,250 shares of the stock in a transaction that occurred 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 acquisition, the director now directly owns 13,250 shares in the company, valued at $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.

Analyst Upgrades and Downgrades

KKR has been the topic of several analyst reports. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Barclays boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price 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.