Woodline Partners LP Invests $6 Million in KKR & Co. Inc. (NYSE:KKR)

Woodline Partners LP acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,540 shares of the asset manager's stock, valued at approximately $5,996,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $1,435,314,000. Nuveen Asset Management LLC raised its holdings in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the last quarter. GQG Partners LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $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 during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $218,918,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, Director Robert W. Scully purchased 13,250 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director now owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at $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. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded up $3.69 during trading hours on Tuesday, reaching $120.87. The stock had a trading volume of 4,241,134 shares, compared to its average volume of 5,021,256. The stock's fifty day simple moving average is $112.95 and its 200 day simple moving average is $134.59. 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 capitalization of $107.65 billion, a PE ratio of 36.30, a PEG 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 quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business's quarterly revenue was down 67.8% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. On average, equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Analyst Ratings Changes

KKR has been the topic of a number of research reports. Morgan Stanley raised shares of 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 report on Wednesday, May 14th. Keefe, Bruyette & Woods boosted their target price 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. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price target for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Barclays upped their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a 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 given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.