Beese Fulmer Investment Management Inc. Takes $285,000 Position in KKR & Co. Inc. (NYSE:KKR)

Beese Fulmer Investment Management Inc. purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,467 shares of the asset manager's stock, valued at approximately $285,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $26,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Mascagni Wealth Management Inc. purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $34,000. Finally, Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KKR. TD Cowen cut 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. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Barclays increased their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Finally, Citigroup dropped their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $149.43.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $1.40 during midday trading on Tuesday, reaching $120.48. 5,727,796 shares of the stock traded hands, compared to its average volume of 5,035,231. The company's 50 day moving average is $113.16 and its 200 day moving average is $133.51. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $107.30 billion, a PE ratio of 36.18, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. KKR & Co. Inc.'s revenue was down 67.8% on a year-over-year basis. On average, equities research 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 declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.185 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the firm'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 completion of the sale, the chairman now owns 82,171,884 shares of the company's stock, valued at approximately $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 quarter, insiders sold 14,471,488 shares of company stock worth $699,289,092. Corporate 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.