Connecticut Wealth Management LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Connecticut Wealth Management LLC purchased a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,347 shares of the asset manager's stock, valued at approximately $347,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $136,000. Cornerstone Advisory LLC raised its holdings in shares of KKR & Co. Inc. by 4.8% during the 4th quarter. Cornerstone Advisory LLC now owns 3,148 shares of the asset manager's stock worth $443,000 after acquiring an additional 143 shares in the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $251,000. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $26,000. Finally, 10Elms LLP purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $679,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 dated 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 of the company's stock, valued at approximately $634,841,604.16. This trade represents a 23.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Barakett bought 35,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director now directly owns 185,000 shares of the company's stock, valued at approximately $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KKR has been the topic of several research reports. Barclays raised their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Morgan Stanley upgraded 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 report on Wednesday, May 14th. TD Cowen cut their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Finally, Citigroup decreased their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Buy" and an average target price of $149.43.

KKR & Co. Inc. Stock Up 0.0%

KKR & Co. Inc. stock traded up $0.00 during mid-day trading on Wednesday, reaching $120.92. The stock had a trading volume of 1,033,193 shares, compared to its average volume of 5,005,750. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a 50-day moving average price of $113.03 and a two-hundred day moving average price of $134.49. 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 company has a market capitalization of $107.70 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm's revenue for the quarter was down 67.8% compared to the same quarter last year. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced 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 is currently 31.22%.

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.