Harbor Capital Advisors Inc. Boosts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Harbor Capital Advisors Inc. raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 35.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,517 shares of the asset manager's stock after acquiring an additional 4,333 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in KKR & Co. Inc. were worth $1,910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its position in shares of KKR & Co. Inc. by 0.4% in the 4th 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 in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock worth $191,000 after purchasing an additional 70 shares in the last quarter. Edge Capital Group LLC boosted its position in shares of KKR & Co. Inc. by 3.9% in the 4th quarter. Edge Capital Group LLC now owns 2,058 shares of the asset manager's stock worth $304,000 after purchasing an additional 78 shares in the last quarter. Montag A & Associates Inc. boosted its position in shares of KKR & Co. Inc. by 3.1% in the 4th quarter. Montag A & Associates Inc. now owns 2,972 shares of the asset manager's stock worth $440,000 after purchasing an additional 88 shares in the last quarter. Finally, LRI Investments LLC boosted its position in shares of KKR & Co. Inc. by 9.9% in the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock worth $164,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded down $3.92 during trading on Friday, reaching $121.32. 4,208,306 shares of the company traded hands, compared to its average volume of 4,907,525. The firm's fifty day simple moving average is $115.79 and its 200 day simple moving average is $131.55. The stock has a market cap of $108.06 billion, a P/E ratio of 36.43, a PEG ratio of 1.00 and a beta of 1.89. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

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

KKR & Co. Inc. Increases Dividend

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

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 35,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the purchase, the director now directly owns 185,000 shares in the company, valued at approximately $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Scully purchased 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 purchase, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 8,471,488 shares of company stock worth $501,529,092 in the last 90 days. Corporate insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. TD Cowen reduced their target price 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. Keefe, Bruyette & Woods raised their target price 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. Finally, Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Buy" and a consensus target price of $149.43.

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.