KKR & Co. Inc. (NYSE:KKR) Stock Position Lifted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 38.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,167 shares of the asset manager's stock after acquiring an additional 6,760 shares during the period. 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 hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $1,435,314,000. Jennison Associates LLC grew its position in shares of KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after acquiring an additional 4,306,290 shares during the period. Nuveen Asset Management LLC grew its position in shares of KKR & Co. Inc. by 106.2% during the 4th 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 during the period. Massachusetts Financial Services Co. MA grew its position in shares of KKR & Co. Inc. by 14.3% during the 1st 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 during the period. Finally, GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $325,752,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 2.2%

Shares of KKR traded up $3.24 on Wednesday, hitting $148.21. 2,487,205 shares of the stock traded hands, compared to its average volume of 4,223,274. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $132.00 billion, a P/E ratio of 62.53, a P/E/G ratio of 1.61 and a beta of 1.88. The stock's 50 day moving average is $128.19 and its two-hundred day moving average is $128.05. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

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 for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm posted $0.97 earnings per share. KKR & Co. Inc.'s revenue was down 67.8% on a year-over-year basis. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the transaction, the chairman directly owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction of $205,200,000.00. Following the completion of the sale, the insider owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 over the last 90 days. Company insiders own 39.34% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays raised their target price on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $154.33.

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.