BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 15,297 Shares of KKR & Co. Inc. (NYSE:KKR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 118,954 shares of the asset manager's stock after purchasing an additional 15,297 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in KKR & Co. Inc. were worth $17,594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its holdings in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after acquiring an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after acquiring an additional 69 shares during the period. Ballentine Partners LLC grew its position in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after purchasing an additional 70 shares in the last quarter. Finally, Calamos Wealth Management LLC boosted its position in KKR & Co. Inc. by 2.0% during the fourth quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager's stock worth $580,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 2.6%

Shares of KKR & Co. Inc. stock traded up $3.03 during trading on Tuesday, reaching $120.21. The company had a trading volume of 1,088,125 shares, compared to its average volume of 5,008,890. The company has a market cap of $107.06 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The firm's fifty day moving average is $112.95 and its 200-day moving average is $134.59. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. 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 released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping 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 business had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the company earned $0.97 EPS. The company's revenue for the quarter was down 67.8% compared to the same quarter last year. On average, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. The ex-dividend date is 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 currently 31.22%.

Insider Buying and Selling

In other news, Director Robert W. Scully bought 13,250 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director now directly owns 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 $634,841,604.16. This represents a 23.75% decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods increased their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Citigroup dropped their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays raised their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average 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.