J.W. Cole Advisors Inc. Grows Position in KKR & Co. Inc. (NYSE:KKR)

J.W. Cole Advisors Inc. raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 38.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,167 shares of the asset manager's stock after buying an additional 6,760 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in KKR & Co. Inc. were worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. First Bank & Trust raised its stake in shares of KKR & Co. Inc. by 1.3% during the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after buying an additional 98 shares during the period. LRI Investments LLC raised its stake in KKR & Co. Inc. by 9.9% in the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock valued at $164,000 after purchasing an additional 100 shares during the last quarter. Synovus Financial Corp raised its stake in KKR & Co. Inc. by 1.3% in the 4th quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock valued at $1,230,000 after purchasing an additional 110 shares during the last quarter. Forum Financial Management LP raised its stake in KKR & Co. Inc. by 1.3% in the 4th quarter. Forum Financial Management LP now owns 8,566 shares of the asset manager's stock valued at $1,267,000 after purchasing an additional 111 shares during the last quarter. Finally, James J. Burns & Company LLC raised its stake in KKR & Co. Inc. by 1.4% in the 1st quarter. James J. Burns & Company LLC now owns 8,527 shares of the asset manager's stock valued at $986,000 after purchasing an additional 117 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on KKR. Oppenheimer raised their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Citigroup downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 14th. Bank of America cut their target price on 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. Citizens Jmp downgraded KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Finally, Evercore ISI raised their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $154.33.

KKR & Co. Inc. Stock Up 0.5%

Shares of KKR & Co. Inc. stock traded up $0.74 on Tuesday, reaching $145.02. 2,039,849 shares of the company were exchanged, compared to its average volume of 4,230,208. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a market cap of $129.16 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 1.61 and a beta of 1.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock's 50 day moving average price is $128.19 and its 200-day moving average price is $128.05.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 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 during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The business's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Activity

In other news, Director Robert W. Scully acquired 13,250 shares of KKR & Co. Inc. stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the purchase, the director owned 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy R. Barakett acquired 35,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the purchase, the director owned 185,000 shares of the company's stock, valued at $21,815,200. The trade was a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 over the last 90 days. Insiders own 39.34% of the company's stock.

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.