KKR & Co. Inc. (NYSE:KKR) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 915,870 shares of the asset manager's stock after buying an additional 91,600 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.10% of KKR & Co. Inc. worth $135,466,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Clark Capital Management Group Inc. purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $231,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of KKR & Co. Inc. by 21.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 455,181 shares of the asset manager's stock worth $67,326,000 after purchasing an additional 80,359 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of KKR & Co. Inc. by 33.7% in the 4th quarter. EP Wealth Advisors LLC now owns 6,409 shares of the asset manager's stock worth $948,000 after purchasing an additional 1,614 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of KKR & Co. Inc. by 160.1% in the 4th quarter. CoreCap Advisors LLC now owns 489 shares of the asset manager's stock worth $72,000 after purchasing an additional 301 shares in the last quarter. Finally, Crestline Management LP increased its stake in shares of KKR & Co. Inc. by 216.6% in the 4th quarter. Crestline Management LP now owns 10,329 shares of the asset manager's stock worth $1,528,000 after purchasing an additional 7,067 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

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 completion of the transaction, the insider now directly owns 19,260,971 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the acquisition, the director now owns 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $0.77 during trading hours on Friday, hitting $117.96. 4,073,129 shares of the stock were exchanged, compared to its average volume of 5,007,759. 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. The firm's fifty day moving average price is $111.06 and its 200 day moving average price is $136.09. The company has a market cap 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.

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, topping analysts' consensus estimates 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 net margin of 14.31% and a return on equity of 6.20%. The business's revenue was down 67.8% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS 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. Investors 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 31.22%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup lowered their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price target for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. JMP Securities cut their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America cut their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.00.

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.