KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC increased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4,918.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,393,841 shares of the asset manager's stock after buying an additional 4,306,290 shares during the quarter. Jennison Associates LLC owned 0.49% of KKR & Co. Inc. worth $507,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $1,435,314,000. Nuveen Asset Management LLC raised its holdings in shares of KKR & Co. Inc. by 106.2% during 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 acquiring an additional 3,391,581 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. GQG Partners LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $325,752,000. Finally, GAMMA Investing LLC raised its holdings in shares of KKR & Co. Inc. by 10,808.5% during the first quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after acquiring an additional 1,145,158 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Robert W. Scully purchased 13,250 shares of the 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 acquisition, the director owned 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Timothy R. Barakett purchased 35,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the acquisition, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on KKR. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. JMP Securities reaffirmed a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Citigroup downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Monday, July 14th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Finally, Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus price target of $154.33.

KKR & Co. Inc. Trading Down 1.0%

KKR stock traded down $1.52 during midday trading on Friday, reaching $146.08. The company's stock had a trading volume of 3,123,293 shares, compared to its average volume of 4,241,985. 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 stock has a fifty day simple moving average of $128.19 and a two-hundred day simple moving average of $128.20. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a market capitalization of $130.10 billion, a price-to-earnings ratio of 61.64, a PEG ratio of 1.63 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted 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. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business 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 company earned $0.97 EPS. The business's revenue was down 67.8% compared to the same quarter last year. On average, equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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