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

J.W. Cole Advisors Inc. boosted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 38.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,167 shares of the asset manager's stock after purchasing 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 & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. during the 4th quarter worth $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $34,000. Mountain Hill Investment Partners Corp. bought a new stake in KKR & Co. Inc. during the 1st quarter valued at $38,000. Finally, Ameriflex Group Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $46,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $3.29 during trading on Thursday, reaching $151.55. 2,608,618 shares of the company traded hands, compared to its average volume of 5,066,729. The firm's fifty day simple moving average is $129.32 and its 200 day simple moving average is $128.26. The stock has a market cap of $134.97 billion, a P/E ratio of 64.03, a PEG ratio of 1.62 and a beta of 1.88. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating 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%. The company's revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The shares were 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 owned 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen dropped their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods increased their target price 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. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Barclays increased their target price on KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $154.33.

KKR & Co. Inc. 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.