Cetera Investment Advisers Grows Position in KKR & Co. Inc. (NYSE:KKR)

Cetera Investment Advisers increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,716 shares of the asset manager's stock after purchasing an additional 23,030 shares during the quarter. Cetera Investment Advisers' holdings in KKR & Co. Inc. were worth $18,595,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $27,000. Crews Bank & Trust acquired 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 shares of KKR & Co. Inc. in the 4th quarter worth about $34,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. in the 4th quarter valued at $36,000. Finally, HM Payson & Co. increased its holdings in shares of KKR & Co. Inc. by 6,800.0% in 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 in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JMP Securities reduced their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. 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 research note on Friday, May 2nd. Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, TD Cowen decreased their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $147.00.

Insiders Place Their Bets

In related news, Director Robert W. Scully purchased 13,250 shares of the company's 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 acquisition, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were 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 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 disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

NYSE:KKR traded up $7.13 during trading hours on Monday, hitting $125.21. 6,749,428 shares of the company's stock traded hands, compared to its average volume of 5,014,725. The business's fifty day simple moving average is $111.06 and its two-hundred day simple moving average is $136.09. The firm has a market cap of $111.21 billion, a P/E ratio of 37.60, a P/E/G 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 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 announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 67.8% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

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.