Alpha Cubed Investments LLC Purchases Shares of 4,530 KKR & Co. Inc. (NYSE:KKR)

Alpha Cubed Investments LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,530 shares of the asset manager's stock, valued at approximately $524,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings 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 purchasing an additional 2,437 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of KKR & Co. Inc. by 1.0% during the fourth quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager's stock worth $4,625,000 after purchasing an additional 316 shares during the period. E Fund Management Co. Ltd. bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $247,000. Callan Family Office LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $295,000. Finally, Ashton Thomas Private Wealth LLC increased its holdings in shares of KKR & Co. Inc. by 20.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,220 shares of the asset manager's stock worth $328,000 after acquiring an additional 375 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on KKR. Bank of America dropped their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Barclays increased their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Finally, Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Buy" and a consensus price target of $149.47.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded up $2.44 during trading hours on Tuesday, hitting $137.98. 4,452,126 shares of the company's stock traded hands, compared to its average volume of 4,227,955. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company's fifty day simple moving average is $123.53 and its two-hundred day simple moving average is $128.58. The company has a market cap of $122.89 billion, a price-to-earnings ratio of 58.22, a price-to-earnings-growth ratio of 1.54 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the company posted $0.97 earnings per share. The business's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on 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 transaction, the chairman owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Barakett acquired 35,000 shares of the business's stock in a transaction that occurred 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 owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 over the last ninety days. Insiders own 39.34% of the company's stock.

About KKR & Co. Inc.

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.