Lansforsakringar Fondforvaltning AB publ Takes Position in KKR & Co. Inc. (NYSE:KKR)

Lansforsakringar Fondforvaltning AB publ bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 209,783 shares of the asset manager's stock, valued at approximately $31,029,000.

Several other hedge funds have also modified their holdings of the stock. Tallon Kerry Patrick acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $207,000. Brighton Jones LLC increased its position in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after acquiring an additional 2,437 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of KKR & Co. Inc. by 38.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,703 shares of the asset manager's stock worth $1,287,000 after acquiring an additional 2,429 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $299,000. Finally, PFG Investments LLC boosted its holdings in KKR & Co. Inc. by 6.5% in the fourth quarter. PFG Investments LLC now owns 1,769 shares of the asset manager's stock valued at $262,000 after purchasing an additional 108 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $1.05 during mid-day trading on Friday, reaching $121.28. 6,807,795 shares of the company's stock traded hands, compared to its average volume of 5,042,564. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The business's 50-day moving average price is $113.13 and its 200-day moving average price is $134.17. The stock has a market capitalization of $108.02 billion, a P/E ratio of 36.42, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. Equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current 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. This represents a yield of 0.64%. The ex-dividend date of this dividend was 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 currently 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, 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 stock was sold at an average price of $32.96, for a total value 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. The trade was a 23.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy R. Barakett bought 35,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the purchase, the director now directly owns 185,000 shares of the company's stock, valued at approximately $21,815,200. This represents a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KKR. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their target price for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Barclays boosted their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. One research 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $149.43.

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.