10Elms LLP Invests $679,000 in KKR & Co. Inc. (NYSE:KKR)

10Elms LLP acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,594 shares of the asset manager's stock, valued at approximately $679,000. KKR & Co. Inc. comprises 0.7% of 10Elms LLP's holdings, making the stock its 29th largest position.

A number of other large investors also recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of KKR & Co. Inc. by 14.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 118,954 shares of the asset manager's stock worth $17,594,000 after acquiring an additional 15,297 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in KKR & Co. Inc. during the fourth quarter worth $1,383,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in KKR & Co. Inc. by 10.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,345,537 shares of the asset manager's stock worth $494,838,000 after purchasing an additional 322,612 shares during the period. Waverly Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 21.8% in the fourth quarter. Waverly Advisors LLC now owns 25,945 shares of the asset manager's stock valued at $3,838,000 after purchasing an additional 4,647 shares during the last quarter. Finally, Wallace Capital Management Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $224,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on KKR shares. Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. TD Cowen cut their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Citigroup dropped their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $149.43.

KKR & Co. Inc. Stock Down 0.9%

NYSE:KKR traded down $1.03 on Friday, hitting $117.17. The stock had a trading volume of 3,021,054 shares, compared to its average volume of 5,016,053. The company has a market cap of $104.36 billion, a PE ratio of 35.19, 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 business's fifty day moving average is $112.94 and its 200 day moving average is $135.06. 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 issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company's quarterly revenue was down 67.8% compared to the same quarter last year. On average, equities research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a dividend yield of 0.64%. 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. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Insider Transactions at KKR & Co. Inc.

In other news, Director Robert W. Scully acquired 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the 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 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. Company insiders own 39.34% of the company's stock.

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.