Avanza Fonder AB Has $6.25 Million Position in KKR & Co. Inc. (NYSE:KKR)

Avanza Fonder AB raised its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,665 shares of the asset manager's stock after purchasing an additional 2,061 shares during the quarter. Avanza Fonder AB's holdings in KKR & Co. Inc. were worth $6,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KKR. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $36,000. Finally, HM Payson & Co. boosted its stake in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction on Monday, June 2nd. The stock was 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 owns 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the transaction, the chairman now directly owns 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

NYSE KKR traded down $3.92 during midday trading on Friday, hitting $121.32. The company had a trading volume of 4,208,306 shares, compared to its average volume of 4,908,165. The company has a market capitalization of $108.06 billion, a PE ratio of 36.43, a P/E/G ratio of 1.00 and a beta of 1.89. 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 50-day moving average price of $115.24 and a 200-day moving average price of $132.02. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company's quarterly revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KKR shares. Barclays lifted their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their target price for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. TD Cowen reduced their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Bank of America reduced their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Company 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.