KKR & Co. Inc. (NYSE:KKR) Position Boosted by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,865 shares of the asset manager's stock after acquiring an additional 10,692 shares during the period. IFM Investors Pty Ltd's holdings in KKR & Co. Inc. were worth $14,089,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KKR. Brighton Jones LLC boosted its holdings in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after purchasing an additional 2,437 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $245,000. Atria Investments Inc boosted its holdings in KKR & Co. Inc. by 11.3% in the 4th quarter. Atria Investments Inc now owns 50,453 shares of the asset manager's stock valued at $7,463,000 after purchasing an additional 5,124 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in KKR & Co. Inc. by 1.0% in the 4th quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager's stock valued at $4,625,000 after purchasing an additional 316 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $218,918,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 3.0%

NYSE:KKR traded up $4.10 on Friday, reaching $138.63. The stock had a trading volume of 2,650,555 shares, compared to its average volume of 4,225,720. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $123.10 and a 200 day moving average of $128.76. The stock has a market cap of $123.46 billion, a P/E ratio of 58.49, a price-to-earnings-growth ratio of 1.54 and a beta of 1.88. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 EPS. On average, research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Insiders Place Their Bets

In related news, Director Timothy R. Barakett purchased 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the transaction, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction dated 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 transaction, the chairman directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on KKR shares. JMP Securities decreased their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. TD Cowen decreased their price target on 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. Bank of America decreased their price target on 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. Finally, 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 target on the stock. One analyst has rated the stock with a sell rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Buy" and an average target price of $149.47.

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.