111 Capital Makes New $338,000 Investment in KKR & Co. Inc. (NYSE:KKR)

111 Capital purchased a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,284 shares of the asset manager's stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KKR. Norges Bank bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth $1,435,314,000. Nuveen Asset Management LLC lifted its holdings in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. GQG Partners LLC bought a new position in KKR & Co. Inc. during the fourth quarter worth about $325,752,000. Proficio Capital Partners LLC lifted its holdings in KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after acquiring an additional 1,542,092 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in KKR & Co. Inc. during the fourth quarter worth about $218,918,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KKR has been the topic of several recent analyst reports. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Citigroup reduced their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays lifted their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Bank of America reduced their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, Wells Fargo & Company lifted 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, May 23rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $149.43.

KKR & Co. Inc. Stock Down 1.1%

Shares of NYSE:KKR traded down $1.40 during midday trading on Tuesday, reaching $120.48. The company had a trading volume of 5,727,796 shares, compared to its average volume of 5,040,147. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business's 50 day moving average price is $113.21 and its 200 day moving average price is $133.42. The stock has a market cap of $107.30 billion, a PE ratio of 36.18, a P/E/G ratio of 1.00 and a beta of 1.91. 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 released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the transaction, the chairman now owns 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy R. Barakett purchased 35,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director now owns 185,000 shares of the company's stock, valued at approximately $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 14,471,488 shares of company stock valued at $699,289,092. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. 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.