Sweeney & Michel LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

Sweeney & Michel LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,493 shares of the asset manager's stock, valued at approximately $404,000.

Several other institutional investors have also recently bought and sold shares of the business. Farmers & Merchants Investments Inc. lifted its holdings in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after purchasing an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after buying an additional 69 shares during the period. Parkside Financial Bank & Trust raised its stake in KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after buying an additional 70 shares during the period. Calamos Wealth Management LLC raised its stake in KKR & Co. Inc. by 2.0% in the fourth quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager's stock valued at $580,000 after buying an additional 78 shares during the period. Finally, Mather Group LLC. increased its stake in shares of KKR & Co. Inc. by 7.9% during the fourth quarter. Mather Group LLC. now owns 1,064 shares of the asset manager's stock worth $157,000 after purchasing an additional 78 shares during the period. Institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KKR. JMP Securities lowered their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company upped their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, Barclays upped their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Buy" and an average target price of $149.43.

KKR & Co. Inc. Stock Up 0.7%

KKR stock traded up $0.84 during trading on Thursday, reaching $121.35. 754,406 shares of the stock were exchanged, compared to its average volume of 5,021,046. The firm's 50 day moving average is $113.33 and its 200 day moving average is $133.33. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month 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 has a market cap of $108.08 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly 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. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. 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 prior year, the business earned $0.97 EPS. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the sale, the insider now directly owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The stock was bought 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 of the company's stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 8,471,488 shares of company stock valued at $501,529,092 over the last ninety days. 39.34% of the stock is currently 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.