KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 106.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,163 shares of the asset manager's stock after buying an additional 7,300 shares during the period. Bayesian Capital Management LP's holdings in KKR & Co. Inc. were worth $2,095,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Bearing Point Capital LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $4,342,000. Benjamin Edwards Inc. lifted its stake in shares of KKR & Co. Inc. by 32.0% during the 4th quarter. Benjamin Edwards Inc. now owns 5,444 shares of the asset manager's stock worth $805,000 after purchasing an additional 1,321 shares during the period. AXA S.A. boosted its holdings in shares of KKR & Co. Inc. by 196.0% during the fourth quarter. AXA S.A. now owns 88,800 shares of the asset manager's stock worth $13,134,000 after purchasing an additional 58,801 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 28.4% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,847 shares of the asset manager's stock worth $421,000 after purchasing an additional 629 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $745,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on KKR shares. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price objective for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Bank of America dropped their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Citigroup lowered their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. TD Cowen cut their price objective 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. Finally, Keefe, Bruyette & Woods boosted 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. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $144.73.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded up $2.61 on Wednesday, hitting $116.26. 5,239,445 shares of the stock traded hands, compared to its average volume of 4,983,463. The company has a market capitalization of $103.27 billion, a PE ratio of 34.91, a PEG ratio of 1.00 and a beta of 1.91. The company's fifty day moving average is $111.37 and its 200 day moving average is $136.46. 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.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted 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 previous year, the business posted $0.97 EPS. The company's quarterly revenue was down 67.8% on a year-over-year basis. On average, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal 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 paid a dividend of $0.185 per share. This represents a yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.'s payout ratio is presently 31.22%.

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 on 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 completion of the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 39.34% of the stock is owned by 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.