Czech National Bank Grows Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Czech National Bank lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,049 shares of the asset manager's stock after buying an additional 8,683 shares during the quarter. Czech National Bank's holdings in KKR & Co. Inc. were worth $17,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in KKR & Co. Inc. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after purchasing an additional 441,817 shares in the last quarter. Geode Capital Management LLC boosted its holdings in KKR & Co. Inc. by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after buying an additional 458,048 shares in the last quarter. FMR LLC grew its position in KKR & Co. Inc. by 6.7% during the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after buying an additional 752,056 shares during the period. Norges Bank purchased a new position in KKR & Co. Inc. in the fourth quarter valued at $1,435,314,000. Finally, Nuveen Asset Management LLC raised its position in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after acquiring an additional 3,391,581 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded up $0.22 during trading hours on Wednesday, reaching $120.70. The company had a trading volume of 1,710,812 shares, compared to its average volume of 5,028,079. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a fifty day moving average of $113.21 and a 200-day moving average of $133.42. The company has a market capitalization of $107.50 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month 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 return on equity of 6.20% and a net margin of 14.31%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The firm's revenue for the quarter was down 67.8% compared to the same quarter last year. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a dividend yield of 0.64%. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Insider Activity

In related news, Director Robert W. Scully bought 13,250 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, the director now directly owns 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy R. Barakett bought 35,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the purchase, the director now owns 185,000 shares of the company's stock, valued at $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KKR shares. Barclays upped their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods lifted 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. Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. 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 company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $149.43.

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.