Kentucky Retirement Systems Insurance Trust Fund Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,589 shares of the asset manager's stock, valued at approximately $2,265,000.

Several other hedge funds have also modified their holdings of the stock. Perfromance Wealth Partners LLC raised its position in KKR & Co. Inc. by 17.8% during the first quarter. Perfromance Wealth Partners LLC now owns 301,961 shares of the asset manager's stock valued at $34,910,000 after buying an additional 45,660 shares during the period. Jamison Private Wealth Management Inc. raised its position in KKR & Co. Inc. by 1.0% during the first quarter. Jamison Private Wealth Management Inc. now owns 34,844 shares of the asset manager's stock valued at $4,028,000 after buying an additional 328 shares during the period. Congress Park Capital LLC acquired a new position in KKR & Co. Inc. during the first quarter valued at $260,000. Segment Wealth Management LLC raised its position in KKR & Co. Inc. by 6.7% during the first quarter. Segment Wealth Management LLC now owns 9,975 shares of the asset manager's stock valued at $1,153,000 after buying an additional 625 shares during the period. Finally, Spirit of America Management Corp NY raised its position in KKR & Co. Inc. by 183.3% during the first quarter. Spirit of America Management Corp NY now owns 2,550 shares of the asset manager's stock valued at $295,000 after buying an additional 1,650 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 0.3%

Shares of NYSE KKR traded down $0.40 during mid-day trading on Monday, reaching $122.20. 2,696,312 shares of the company traded hands, compared to its average volume of 4,293,328. 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 market cap of $108.84 billion, a PE ratio of 51.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. The company's fifty day moving average is $118.03 and its two-hundred day moving average is $129.81. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion for 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 firm's revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. On average, analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a $0.185 dividend. The ex-dividend date was Monday, May 12th. This represents a 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 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the sale, the chairman now owns 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 in the last 90 days. 39.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KKR. Barclays upped their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Citigroup cut their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Cowen cut their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $149.43.

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.