IFM Investors Pty Ltd Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

IFM Investors Pty Ltd lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KKR. Brighton Jones LLC boosted its holdings in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after acquiring an additional 2,437 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $245,000. Atria Investments Inc raised its position in shares of KKR & Co. Inc. by 11.3% in the fourth quarter. Atria Investments Inc now owns 50,453 shares of the asset manager's stock worth $7,463,000 after buying an additional 5,124 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of KKR & Co. Inc. by 1.0% in the fourth quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager's stock worth $4,625,000 after buying an additional 316 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $218,918,000. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KKR has been the topic of a number of recent analyst reports. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Bank of America lowered their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Barclays raised their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $149.47.

Insiders Place Their Bets

In other news, Director Robert W. Scully acquired 13,250 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director directly owned 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the chairman directly owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 over the last quarter. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 2.5%

Shares of KKR traded down $3.44 during mid-day trading on Monday, reaching $135.16. The company had a trading volume of 2,970,968 shares, compared to its average volume of 4,221,444. The company has a market capitalization of $120.38 billion, a price-to-earnings ratio of 57.06, a price-to-earnings-growth ratio of 1.54 and a beta of 1.88. 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 firm has a 50-day moving average price of $123.10 and a 200 day moving average price of $128.66.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping 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 return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

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.