Cary Street Partners Financial LLC Purchases Shares of 5,118 KKR & Co. Inc. (NYSE:KKR)

Cary Street Partners Financial LLC bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,118 shares of the asset manager's stock, valued at approximately $757,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. during the 4th quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $34,000. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $36,000. Finally, HM Payson & Co. boosted its holdings in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR stock traded down $0.77 during midday trading on Friday, reaching $117.96. 4,073,129 shares of the company's stock traded hands, compared to its average volume of 5,007,759. The stock's 50-day moving average is $111.06 and its 200 day moving average is $136.14. The stock has a market cap of $104.78 billion, a P/E ratio of 35.42, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. 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. (NYSE:KKR - Get Free Report) last released its earnings results 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 company had revenue of $1.77 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Scully purchased 13,250 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KKR has been the subject of several analyst reports. Citigroup reduced their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JMP Securities dropped their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Bank of America decreased their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Finally, Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $147.00.

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.