KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,901,312 shares of the asset manager's stock after purchasing an additional 27,429 shares during the quarter. Bank of New York Mellon Corp owned 0.44% of KKR & Co. Inc. worth $451,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wayfinding Financial LLC acquired a new position in shares of KKR & Co. Inc. during the first quarter worth about $68,000. Strategic Blueprint LLC lifted its stake in KKR & Co. Inc. by 11.5% in the first quarter. Strategic Blueprint LLC now owns 51,408 shares of the asset manager's stock worth $5,943,000 after acquiring an additional 5,310 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in KKR & Co. Inc. by 13.7% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 7,621 shares of the asset manager's stock worth $881,000 after acquiring an additional 917 shares during the last quarter. SMART Wealth LLC grew its holdings in KKR & Co. Inc. by 53.2% during the 1st quarter. SMART Wealth LLC now owns 5,748 shares of the asset manager's stock worth $665,000 after acquiring an additional 1,996 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its position in shares of KKR & Co. Inc. by 9.6% in the 1st quarter. IFM Investors Pty Ltd now owns 121,865 shares of the asset manager's stock valued at $14,089,000 after purchasing an additional 10,692 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $2.98 during mid-day trading on Monday, hitting $135.62. The stock had a trading volume of 4,551,786 shares, compared to its average volume of 4,227,057. The firm has a market cap of $120.79 billion, a PE ratio of 57.22, a PEG ratio of 1.54 and a beta of 1.88. The company's 50-day simple moving average is $123.10 and its 200-day simple moving average is $128.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week 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 EPS 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 quarter last year, the firm earned $0.97 earnings per share. The firm's revenue was down 67.8% compared to the same quarter last year. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their price objective for the stock 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. TD Cowen dropped their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, Barclays boosted 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. One research analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Buy" and an average price target of $149.47.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Timothy R. Barakett purchased 35,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the purchase, the director directly owned 185,000 shares of the company's stock, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the sale, the chairman owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,471,488 shares of company stock worth $501,529,092. Company insiders own 39.34% of the company's stock.

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.