KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Bamco Inc. NY

Bamco Inc. NY lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 122,810 shares of the asset manager's stock after purchasing an additional 4,856 shares during the quarter. Bamco Inc. NY's holdings in KKR & Co. Inc. were worth $18,165,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KKR. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $36,000. Finally, HM Payson & Co. raised its position in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after purchasing an additional 272 shares during the period. Institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Barclays increased their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price target 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. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Finally, Bank of America cut their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and an average price target of $144.73.

KKR & Co. Inc. Stock Up 2.3 %

Shares of NYSE KKR traded up $2.61 during mid-day trading on Wednesday, reaching $116.26. 5,239,445 shares of the company were exchanged, compared to its average volume of 4,983,463. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a 50-day moving average of $111.37 and a 200 day moving average of $136.46. The stock has a market cap of $103.27 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.00 and a beta of 1.91. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

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

KKR & Co. Inc. Increases Dividend

The company also recently declared 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 is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.'s payout ratio is currently 31.22%.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company's stock.

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.