Financial Counselors Inc. Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Financial Counselors Inc. lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 81.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,912 shares of the asset manager's stock after purchasing an additional 62,431 shares during the quarter. Financial Counselors Inc.'s holdings in KKR & Co. Inc. were worth $16,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. during the fourth quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $36,000. Finally, HM Payson & Co. lifted its stake in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after purchasing an additional 272 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 1.8%

NYSE:KKR traded up $2.44 during mid-day trading on Tuesday, hitting $137.98. The stock had a trading volume of 4,452,126 shares, compared to its average volume of 4,237,103. The stock has a 50-day simple moving average of $123.53 and a two-hundred day simple moving average of $128.58. The company has a market capitalization of $122.89 billion, a PE ratio of 58.22, a PEG ratio of 1.51 and a beta of 1.88. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

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, topping 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 company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the company earned $0.97 earnings per share. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. On average, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Barclays upped their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Citigroup decreased their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $149.47.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the sale, the chairman owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% 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, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the sale, the chairman directly owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 in the last quarter. Company 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.