Shell Asset Management Co. Boosts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Shell Asset Management Co. grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 129.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,330 shares of the asset manager's stock after acquiring an additional 3,570 shares during the quarter. Shell Asset Management Co.'s holdings in KKR & Co. Inc. were worth $936,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KKR. Farmers & Merchants Investments Inc. grew its position in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock worth $64,000 after purchasing an additional 65 shares during the period. Oppenheimer Asset Management Inc. boosted its position in KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after purchasing an additional 69 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after purchasing an additional 70 shares during the period. Parkside Financial Bank & Trust increased its position in shares of KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after purchasing an additional 70 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock worth $1,623,000 after purchasing an additional 73 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on KKR shares. TD Cowen decreased 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 research report on Wednesday, April 9th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their target price for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $149.14.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $6.38 during trading hours on Wednesday, reaching $117.77. The stock had a trading volume of 4,093,538 shares, compared to its average volume of 5,018,292. The stock has a market capitalization of $104.89 billion, a PE ratio of 35.36, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a 50 day moving average price of $112.75 and a two-hundred day moving average price of $135.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. KKR & Co. Inc.'s quarterly revenue was down 67.8% on a year-over-year basis. As a group, sell-side 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 will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Insider Activity

In other KKR & Co. Inc. news, Director Robert W. Scully bought 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the transaction, the director now owns 13,250 shares in the company, valued at $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 available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

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.