Jefferies Financial Group Inc. Boosts Position in KKR & Co. Inc. (NYSE:KKR)

Jefferies Financial Group Inc. increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 174.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,929 shares of the asset manager's stock after acquiring an additional 19,670 shares during the period. Jefferies Financial Group Inc.'s holdings in KKR & Co. Inc. were worth $4,575,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $1,435,314,000. Nuveen Asset Management LLC lifted its position in KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the last quarter. GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $325,752,000. Proficio Capital Partners LLC grew its holdings in shares of KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $218,918,000. Institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KKR. Keefe, Bruyette & Woods boosted 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 report on Friday, May 2nd. JMP Securities lowered their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. TD Cowen decreased their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company boosted 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 report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Buy" and a consensus target price of $149.43.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 1.1%

Shares of NYSE:KKR traded up $1.32 during trading on Thursday, hitting $122.36. The company had a trading volume of 3,504,825 shares, compared to its average volume of 5,013,451. The stock has a market cap of $108.98 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a fifty day simple moving average of $113.12 and a two-hundred day simple moving average of $134.40. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company 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 6.20% and a net margin of 14.31%. KKR & Co. Inc.'s revenue was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

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.