Waverly Advisors LLC Has $3.84 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Waverly Advisors LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,945 shares of the asset manager's stock after purchasing an additional 4,647 shares during the quarter. Waverly Advisors LLC's holdings in KKR & Co. Inc. were worth $3,838,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KKR. Tallon Kerry Patrick bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $207,000. Ritholtz Wealth Management grew its holdings in shares of KKR & Co. Inc. by 28.1% during the fourth quarter. Ritholtz Wealth Management now owns 2,878 shares of the asset manager's stock valued at $426,000 after purchasing an additional 631 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of KKR & Co. Inc. by 114.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 4,060 shares of the asset manager's stock valued at $600,000 after purchasing an additional 2,168 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $437,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in KKR & Co. Inc. by 21.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,110 shares of the asset manager's stock worth $164,000 after buying an additional 199 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider now directly owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. This represents a 31.15% decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

KKR traded up $2.71 during trading on Tuesday, reaching $119.89. The stock had a trading volume of 901,077 shares, compared to its average volume of 5,670,531. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The stock has a 50 day moving average of $112.95 and a two-hundred day moving average of $134.59. The firm has a market capitalization of $106.77 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KKR shares. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Barclays increased their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. JMP Securities decreased their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Finally, Bank of America decreased 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 research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target 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.