Concurrent Investment Advisors LLC Purchases 3,667 Shares of KKR & Co. Inc. (NYSE:KKR)

Concurrent Investment Advisors LLC boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 57.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,089 shares of the asset manager's stock after buying an additional 3,667 shares during the period. Concurrent Investment Advisors LLC's holdings in KKR & Co. Inc. were worth $1,166,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KKR. McIlrath & Eck LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. during the fourth quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $36,000. Finally, HM Payson & Co. increased its holdings in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after buying an additional 272 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Robert W. Scully purchased 13,250 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director owned 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman directly owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a report on Wednesday. Keefe, Bruyette & Woods upped their price target 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 upped their price target on shares of KKR & Co. Inc. from $132.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Bank of America reduced their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $155.20.

KKR & Co. Inc. Trading Down 1.3%

NYSE KKR traded down $1.92 on Friday, reaching $141.13. The company had a trading volume of 3,204,355 shares, compared to its average volume of 4,241,867. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50 day moving average of $125.56 and a two-hundred day moving average of $128.60. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market cap of $125.70 billion, a price-to-earnings ratio of 59.55, a P/E/G ratio of 1.58 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business's revenue was down 67.8% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend 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.