Bridgewater Advisors Inc. Takes $497,000 Position in KKR & Co. Inc. (NYSE:KKR)

Bridgewater Advisors Inc. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,345 shares of the asset manager's stock, valued at approximately $497,000.

Several other hedge funds have also modified their holdings of KKR. McIlrath & Eck LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $34,000. Ameriflex Group Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $46,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. during the first quarter worth $38,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR traded down $0.27 during trading on Friday, hitting $147.33. 1,226,090 shares of the company traded hands, compared to its average volume of 4,230,634. The stock's 50-day simple moving average is $127.63 and its two-hundred day simple moving average is $128.35. The company has a market cap of $131.22 billion, a PE ratio of 62.06, a P/E/G ratio of 1.59 and a beta of 1.88. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) 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 net margin of 14.75% and a return on equity of 6.43%. The business's revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. As a group, sell-side 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. Shareholders of record on Tuesday, May 13th were issued a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.'s payout ratio is 31.22%.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction that occurred 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 directly owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This represents a 1.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert W. Scully bought 13,250 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director directly owned 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 over the last ninety days. Insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on KKR shares. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods upped 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 note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average target price of $154.33.

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.