Fisher Funds Management LTD Buys 47,708 Shares of KKR & Co. Inc. (NYSE:KKR)

Fisher Funds Management LTD grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 36.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 176,992 shares of the asset manager's stock after buying an additional 47,708 shares during the period. Fisher Funds Management LTD's holdings in KKR & Co. Inc. were worth $20,462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Conning Inc. increased its stake in shares of KKR & Co. Inc. by 40.8% in the 1st quarter. Conning Inc. now owns 3,361 shares of the asset manager's stock valued at $389,000 after buying an additional 974 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of KKR & Co. Inc. by 2.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 19,427 shares of the asset manager's stock valued at $2,246,000 after buying an additional 398 shares during the period. North Capital Inc. acquired a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at $318,000. D.A. Davidson & CO. increased its stake in shares of KKR & Co. Inc. by 6.3% in the 1st quarter. D.A. Davidson & CO. now owns 8,858 shares of the asset manager's stock valued at $1,024,000 after buying an additional 527 shares during the period. Finally, Mutual Advisors LLC increased its stake in shares of KKR & Co. Inc. by 2.8% in the 1st quarter. Mutual Advisors LLC now owns 9,362 shares of the asset manager's stock valued at $1,064,000 after buying an additional 257 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Piper Sandler started coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 price objective for the company. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their price objective 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, TD Cowen decreased their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Buy" and an average price target of $149.47.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider directly owned 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy R. Barakett purchased 35,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the acquisition, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This represents a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 3.0%

KKR stock traded up $4.10 during midday trading on Friday, hitting $138.63. 2,650,555 shares of the company's stock were exchanged, compared to its average volume of 4,217,819. The stock's fifty day moving average price is $123.10 and its 200-day moving average price is $128.86. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $123.46 billion, a PE ratio of 58.49, a price-to-earnings-growth ratio of 1.54 and a beta of 1.88. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

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, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company's revenue for the quarter was down 67.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. Research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal 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 $0.185 dividend. This represents a dividend 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 payout ratio is 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.