IFC Advisors LLC Buys 4,567 Shares of KKR & Co. Inc. (NYSE:KKR)

IFC Advisors LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 44.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,880 shares of the asset manager's stock after buying an additional 4,567 shares during the period. IFC Advisors LLC's holdings in KKR & Co. Inc. were worth $1,720,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Bank & Trust boosted its stake in shares of KKR & Co. Inc. by 1.3% in the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock valued at $858,000 after purchasing an additional 98 shares during the last quarter. LRI Investments LLC boosted its stake in shares of KKR & Co. Inc. by 9.9% in the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock valued at $164,000 after purchasing an additional 100 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of KKR & Co. Inc. by 1.3% in the 4th quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock valued at $1,230,000 after purchasing an additional 110 shares during the last quarter. Forum Financial Management LP boosted its stake in shares of KKR & Co. Inc. by 1.3% in the 4th quarter. Forum Financial Management LP now owns 8,566 shares of the asset manager's stock valued at $1,267,000 after purchasing an additional 111 shares during the last quarter. Finally, James J. Burns & Company LLC boosted its stake in KKR & Co. Inc. by 1.4% during the first quarter. James J. Burns & Company LLC now owns 8,527 shares of the asset manager's stock worth $986,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the sale, the chairman owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy R. Barakett acquired 35,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the acquisition, the director directly owned 185,000 shares of the company's stock, valued at $21,815,200. The trade was a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 over the last three months. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 1.3%

KKR opened at $141.13 on Friday. 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's 50-day moving average is $125.56 and its 200 day moving average is $128.60. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market capitalization of $125.70 billion, a P/E ratio of 59.55, a PEG ratio of 1.61 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm earned $0.97 earnings per share. The firm's revenue was down 67.8% on a year-over-year basis. Research analysts expect 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. Investors of record on Tuesday, May 13th were given a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America cut their target price on shares of 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. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research note on Wednesday. TD Cowen cut their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Citigroup increased their target price on shares of KKR & Co. Inc. from $132.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $155.20.

KKR & Co. Inc. Company 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.

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