Y Intercept Hong Kong Ltd Acquires New Position in KKR & Co. Inc. (NYSE:KKR)

Y Intercept Hong Kong Ltd purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,415 shares of the asset manager's stock, valued at approximately $1,320,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $1,435,314,000. Jennison Associates LLC grew its stake in shares of KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after acquiring an additional 4,306,290 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of KKR & Co. Inc. by 14.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in KKR & Co. Inc. by 10,808.5% in the first quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after purchasing an additional 1,145,158 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Citigroup lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 14th. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target for the company. in a research note on Wednesday, July 9th. Finally, Evercore ISI upped their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $154.33.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $2.04 during trading on Friday, hitting $152.23. The stock had a trading volume of 2,894,122 shares, compared to its average volume of 3,358,565. The business has a fifty day moving average of $130.34 and a two-hundred day moving average of $128.15. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market cap of $135.58 billion, a P/E ratio of 64.23, a PEG ratio of 1.69 and a beta of 1.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $0.97 EPS. The business's revenue for the quarter was down 67.8% on a year-over-year basis. On average, sell-side analysts expect 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 was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Timothy R. Barakett acquired 35,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the acquisition, the director owned 185,000 shares in the company, valued at approximately $21,815,200. This represents a 23.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the sale, the chairman directly owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by insiders.

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.