Nissay Asset Management Corp Japan ADV Decreases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Nissay Asset Management Corp Japan ADV lowered its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,564 shares of the asset manager’s stock after selling 677 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in KKR & Co. Inc. were worth $11,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. NorthRock Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $427,000. Nuveen Asset Management LLC increased its position in shares of KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the last quarter. Meketa Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $2,655,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of KKR & Co. Inc. by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,172 shares of the asset manager’s stock valued at $10,083,000 after purchasing an additional 3,195 shares during the last quarter. Finally, MJP Associates Inc. ADV increased its position in shares of KKR & Co. Inc. by 7.4% during the 4th quarter. MJP Associates Inc. ADV now owns 8,816 shares of the asset manager’s stock valued at $1,304,000 after purchasing an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 1.7%

KKR stock opened at $129.02 on Thursday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $114.60 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 1.00 and a beta of 1.91. The business has a 50 day simple moving average of $111.59 and a two-hundred day simple moving average of $135.88.

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, topping the consensus estimate 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 business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue for the quarter was down 67.8% compared to the same quarter last year. Research analysts anticipate 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. Shareholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.’s dividend payout ratio is presently 31.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. HSBC raised 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 research report on Tuesday, April 15th. Barclays upped their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Morgan Stanley raised shares of 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 report on Wednesday. Finally, Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $149.14.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the transaction, the insider now directly owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Scully bought 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

About KKR & Co. Inc.

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.