GAMMA Investing LLC Increases Stake in KKR & Co. Inc. (NYSE:KKR)

GAMMA Investing LLC raised its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 10,808.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,155,753 shares of the asset manager's stock after buying an additional 1,145,158 shares during the period. GAMMA Investing LLC owned about 0.13% of KKR & Co. Inc. worth $133,617,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after buying an additional 441,817 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of KKR & Co. Inc. by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock valued at $2,073,624,000 after purchasing an additional 458,048 shares during the last quarter. FMR LLC grew its holdings in shares of KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after purchasing an additional 752,056 shares during the last quarter. Norges Bank bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $1,435,314,000. Finally, Nuveen Asset Management LLC grew its holdings 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 purchasing an additional 3,391,581 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.1%

NYSE KKR traded up $0.11 during trading hours on Thursday, reaching $120.62. 2,600,407 shares of the company's stock traded hands, compared to its average volume of 5,036,896. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The firm has a market cap of $107.43 billion, a PE ratio of 36.22, a PEG ratio of 1.00 and a beta of 1.91. The firm has a 50-day simple moving average of $113.43 and a 200 day simple moving average of $133.11. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

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

KKR & Co. Inc. Increases Dividend

The company 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 of this dividend was Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s payout ratio is 31.22%.

Insiders Place Their Bets

In related news, Director Robert W. Scully acquired 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director now directly 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 document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KKR shares. Citigroup reduced their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their target price for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. TD Cowen cut their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Finally, JMP Securities cut their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. One equities 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. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Buy" and an average 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.