Florida Financial Advisors LLC Purchases New Position in KKR & Co. Inc. (NYSE:KKR)

Florida Financial Advisors LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,053 shares of the asset manager's stock, valued at approximately $237,000.

Other hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $26,000. Mascagni Wealth Management Inc. purchased a new position in KKR & Co. Inc. in the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. in the fourth quarter worth about $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $36,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Ratings Changes

KKR has been the topic of a number of research reports. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. TD Cowen decreased their target price 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. JMP Securities reiterated a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Evercore ISI lifted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $154.33.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded up $5.96 during mid-day trading on Wednesday, hitting $143.17. The company had a trading volume of 4,863,492 shares, compared to its average volume of 4,237,806. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock's 50 day moving average price is $127.05 and its 200-day moving average price is $128.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $127.51 billion, a P/E ratio of 60.41, a P/E/G ratio of 1.53 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current 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 issued a $0.185 dividend. This represents a dividend yield of 0.64%. This is a boost 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%.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was 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 owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 in the last ninety days. Company insiders own 39.34% of the company's stock.

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.