KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 129.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,716 shares of the asset manager's stock after purchasing an additional 35,417 shares during the period. Edgestream Partners L.P.'s holdings in KKR & Co. Inc. were worth $7,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $36,000. Finally, Ameriflex Group Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $46,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on KKR shares. Barclays increased their price target on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Evercore ISI increased their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target for the company. in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $154.33.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the sale, the chairman directly owned 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Scully acquired 13,250 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director owned 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders 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.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $1.74 during trading hours on Friday, reaching $145.86. 2,043,120 shares of the company traded hands, compared to its average volume of 5,130,734. The stock has a market capitalization of $129.91 billion, a P/E ratio of 61.58, a P/E/G ratio of 1.59 and a beta of 1.88. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The business has a fifty day moving average price of $127.63 and a 200-day moving average price of $128.35.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced 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. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The business's quarterly revenue was down 67.8% compared to the same quarter last year. Equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. 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.