Institute for Wealth Management LLC. Grows Stake in KKR & Co. Inc. (NYSE:KKR)

Institute for Wealth Management LLC. boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 58.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,980 shares of the asset manager's stock after acquiring an additional 4,416 shares during the quarter. Institute for Wealth Management LLC.'s holdings in KKR & Co. Inc. were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. McIlrath & Eck LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $36,000. Finally, HM Payson & Co. raised its position 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 valued at $41,000 after purchasing an additional 272 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the transaction, the insider now owns 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Scully bought 13,250 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Up 1.0%

KKR & Co. Inc. stock traded up $1.23 during mid-day trading on Thursday, reaching $122.29. The stock had a trading volume of 2,399,599 shares, compared to its average volume of 4,878,356. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a 50-day moving average price of $116.81 and a two-hundred day moving average price of $130.94. The company has a market capitalization of $108.91 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 1.35 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 issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm 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 firm posted $0.97 earnings per share. The business's revenue was down 67.8% on a year-over-year basis. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Analysts Set New Price Targets

KKR has been the topic of a number of recent analyst reports. Citigroup cut their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $150.00 in a report 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 stock an "outperform" rating in a report on Friday, May 2nd. Bank of America decreased their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Finally, Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $149.43.

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.