KKR & Co. Inc. (NYSE:KKR) Stake Boosted by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 56.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,500 shares of the asset manager's stock after acquiring an additional 106,500 shares during the quarter. Factory Mutual Insurance Co.'s holdings in KKR & Co. Inc. were worth $34,278,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. in the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. boosted its position 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 acquiring an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

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 stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the transaction, the insider now owns 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy R. Barakett acquired 35,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the acquisition, the director now owns 185,000 shares of the company's stock, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 8,471,488 shares of company stock valued at $501,529,092 in the last ninety days. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 1.0%

KKR stock traded up $1.23 during midday trading on Wednesday, reaching $122.29. 2,278,852 shares of the company's stock traded hands, compared to its average volume of 4,879,426. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The business has a 50-day moving average price of $116.58 and a two-hundred day moving average price of $131.00. The company has a market capitalization of $108.91 billion, a P/E ratio of 51.60, a PEG ratio of 1.37 and a beta of 1.89. 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 posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate 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 business 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 business posted $0.97 EPS. The business's quarterly revenue was down 67.8% on a year-over-year basis. Equities research analysts forecast 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. Stockholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Analyst Ratings Changes

Several research analysts have weighed in on KKR shares. Keefe, Bruyette & Woods boosted their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Wells Fargo & Company lifted their price objective 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. Barclays upped their target price 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. Bank of America decreased their price target on 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. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $149.43.

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.