Hudson Value Partners LLC Buys New Shares in KKR & Co. Inc. (NYSE:KKR)

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $36,000. Finally, HM Payson & Co. increased its holdings in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after purchasing an additional 272 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on KKR. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. JMP Securities decreased their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Barclays boosted their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. One research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $149.43.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded down $0.40 during midday trading on Monday, reaching $122.20. The company's stock had a trading volume of 2,696,312 shares, compared to its average volume of 4,293,328. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm has a 50 day moving average price of $118.03 and a 200-day moving average price of $129.81. The stock has a market capitalization of $108.84 billion, a P/E ratio of 51.56, a PEG ratio of 1.36 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 quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $0.97 earnings per share. KKR & Co. Inc.'s revenue for the quarter was down 67.8% on a year-over-year basis. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.185 dividend. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

Insider Activity at KKR & Co. Inc.

In other news, Director Robert W. Scully purchased 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the transaction, the insider now directly owns 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. Over the last quarter, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 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.