Black Swift Group LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

Black Swift Group LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 26,350 shares of the asset manager's stock, valued at approximately $3,046,000. KKR & Co. Inc. accounts for about 0.7% of Black Swift Group LLC's portfolio, making the stock its 27th largest position.

Other hedge funds have also added to or reduced their stakes in the company. McIlrath & Eck LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $34,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of KKR & Co. Inc. during the first quarter worth $38,000. Finally, GW&K Investment Management LLC boosted its holdings in shares of KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after acquiring an additional 111 shares during the period. Institutional investors own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other news, 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 shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction 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 sale, the chairman owned 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. This represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,471,488 shares of company stock worth $501,529,092 over the last three months. Corporate insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KKR. Bank of America dropped their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Citigroup cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 14th. Finally, Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $154.33.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $2.10 on Thursday, reaching $150.36. 4,132,893 shares of the company's stock traded hands, compared to its average volume of 3,347,487. The stock has a market cap of $133.91 billion, a PE ratio of 63.44, a P/E/G ratio of 1.65 and a beta of 1.88. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The stock has a 50-day simple moving average of $129.32 and a 200 day simple moving average of $128.26. 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. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm's quarterly revenue was down 67.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. As a group, research analysts predict 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. Stockholders of record on Tuesday, May 13th were paid a $0.185 dividend. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is 31.22%.

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.