Asset Management One Co. Ltd. Purchases 19,820 Shares of KKR & Co. Inc. (NYSE:KKR)

Asset Management One Co. Ltd. raised its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,479 shares of the asset manager's stock after acquiring an additional 19,820 shares during the quarter. Asset Management One Co. Ltd.'s holdings in KKR & Co. Inc. were worth $31,154,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Runnymede Capital Advisors Inc. boosted its position in KKR & Co. Inc. by 3.4% during the first quarter. Runnymede Capital Advisors Inc. now owns 12,617 shares of the asset manager's stock valued at $1,459,000 after acquiring an additional 410 shares during the last quarter. XML Financial LLC boosted its position in KKR & Co. Inc. by 20.9% during the first quarter. XML Financial LLC now owns 4,846 shares of the asset manager's stock valued at $560,000 after acquiring an additional 839 shares during the last quarter. Pursue Wealth Partners LLC bought a new stake in KKR & Co. Inc. during the first quarter valued at $893,000. Hudson Value Partners LLC bought a new stake in KKR & Co. Inc. during the first quarter valued at $906,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in KKR & Co. Inc. during the first quarter valued at $2,265,000. Institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KKR shares. 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 research report on Friday, May 2nd. 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 research report on Friday, May 23rd. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their target price for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Bank of America lowered their target price 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. Finally, Citigroup lowered their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One equities 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 has a consensus rating of "Buy" and a consensus target price of $149.43.

Insider Activity

In other news, Chairman Henry R. Kravis sold 130,925 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the transaction, the chairman now directly owns 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. This represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the transaction, the insider now directly owns 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 in the last three months. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 4.6%

NYSE:KKR opened at $127.78 on Wednesday. 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 firm has a market cap of $113.81 billion, a price-to-earnings ratio of 53.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The firm has a 50-day moving average price of $118.50 and a two-hundred day moving average price of $129.80.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating 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 firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm earned $0.97 EPS. The company's revenue was down 67.8% compared to the same quarter last year. On average, equities 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 announced 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 is an increase from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is currently 31.22%.

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.

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