Consilium Wealth Advisory LLC Invests $514,000 in KKR & Co. Inc. (NYSE:KKR)

Consilium Wealth Advisory LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,446 shares of the asset manager's stock, valued at approximately $514,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KKR. McIlrath & Eck LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $26,000. Mascagni Wealth Management Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $36,000. Finally, HM Payson & Co. increased its position in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after buying an additional 272 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $1.23 on Wednesday, reaching $122.29. 2,399,599 shares of the company's stock traded hands, compared to its average volume of 4,878,355. The stock has a market cap of $108.91 billion, a PE ratio of 51.60, a P/E/G ratio of 1.35 and a beta of 1.89. 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 $116.58 and a 200 day simple moving average of $131.00. 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 announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm's revenue was down 67.8% on a year-over-year basis. 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 firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. This represents a yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KKR. JMP Securities cut their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Citigroup reduced their price target on shares of 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. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods upped their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company raised their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $149.43.

Insider Activity

In other news, Director Timothy R. Barakett purchased 35,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $117.92 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the business'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 $142,573,261.20. Following the completion of the transaction, the chairman now owns 82,171,884 shares in the company, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by insiders.

About KKR & Co. Inc.

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.