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

IFM Investors Pty Ltd lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,865 shares of the asset manager's stock after purchasing 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.

A number of other hedge funds have also modified their holdings of KKR. McIlrath & Eck LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. lifted its stake in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after buying an additional 272 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 1.6%

Shares of KKR stock traded up $2.15 during mid-day trading on Tuesday, reaching $137.69. The company's stock had a trading volume of 3,113,686 shares, compared to its average volume of 4,227,797. The company's 50 day simple moving average is $123.53 and its 200-day simple moving average is $128.58. The firm has a market capitalization of $122.63 billion, a PE ratio of 58.10, 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. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

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. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business's revenue was down 67.8% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. On average, research analysts predict that KKR & Co. Inc. will post 5.19 EPS 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 issued 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 yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm'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 directly owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the firm's 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 completion of the transaction, the chairman owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 over the last 90 days. Company insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KKR. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods upped their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Finally, Piper Sandler started coverage on shares of 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Buy" and an average target price of $149.47.

KKR & Co. Inc. 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.