Hudson Value Partners LLC Buys Shares of 7,835 KKR & Co. Inc. (NYSE:KKR)

Hudson Value Partners LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,835 shares of the asset manager's stock, valued at approximately $906,000.

Other large investors have also added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $50,199,000. Arete Wealth Advisors LLC increased its position in KKR & Co. Inc. by 44.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after acquiring an additional 2,749 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock valued at $16,889,000 after acquiring an additional 38,524 shares during the last quarter. Finally, Systematic Alpha Investments LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $423,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 2.5%

KKR stock traded up $3.26 during midday trading on Thursday, reaching $132.10. 3,914,921 shares of the company traded hands, compared to its average volume of 4,265,857. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. 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 business has a 50 day moving average of $119.61 and a 200-day moving average of $129.65. The firm has a market capitalization of $117.65 billion, a price-to-earnings ratio of 55.74, a P/E/G ratio of 1.43 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued 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 return on equity of 6.43% and a net margin of 14.75%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company's quarterly revenue was down 67.8% compared to the same quarter last year. As a group, sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. TD Cowen dropped 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. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Wells Fargo & Company upped their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Finally, Citigroup dropped their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $149.43.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider now directly owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert W. Scully purchased 13,250 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares of the company's stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by company 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.