Axa S.A. Buys 58,801 Shares of KKR & Co. Inc. (NYSE:KKR)

AXA S.A. lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 196.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,800 shares of the asset manager's stock after buying an additional 58,801 shares during the period. AXA S.A.'s holdings in KKR & Co. Inc. were worth $13,134,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Gallagher Fiduciary Advisors LLC lifted its position in KKR & Co. Inc. by 28.4% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,847 shares of the asset manager's stock valued at $421,000 after purchasing an additional 629 shares during the period. Meiji Yasuda Life Insurance Co bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $745,000. Keel Point LLC grew its holdings in KKR & Co. Inc. by 28.4% during the 4th quarter. Keel Point LLC now owns 5,478 shares of the asset manager's stock worth $810,000 after acquiring an additional 1,211 shares during the period. Davidson Kahn Capital Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $2,174,000. Finally, Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $218,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction 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 acquisition, the director now directly owns 13,250 shares of the company's stock, valued at $1,503,742.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KKR. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Citigroup cut their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Bank of America cut their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Finally, TD Cowen dropped their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $147.00.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $0.77 during trading hours on Friday, reaching $117.96. 4,073,129 shares of the company were exchanged, compared to its average volume of 5,007,759. 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 capitalization of $104.78 billion, a P/E ratio of 35.42, a P/E/G ratio of 1.00 and a beta of 1.91. The business has a 50 day moving average of $111.06 and a 200 day moving average of $136.14.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.185 dividend. This represents a yield of 0.64%. The ex-dividend date of this dividend 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 presently 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.