KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS boosted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 48.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,482 shares of the asset manager's stock after acquiring an additional 2,434 shares during the period. Legacy Wealth Management LLC MS's holdings in KKR & Co. Inc. were worth $865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $26,000. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $30,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $34,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 0.9%

NYSE:KKR traded down $1.05 during midday trading on Friday, hitting $121.28. The stock had a trading volume of 6,807,795 shares, compared to its average volume of 5,042,563. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market capitalization of $108.02 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 1.00 and a beta of 1.91. The stock has a 50-day moving average of $113.11 and a 200 day moving average of $133.95. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

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 (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, sell-side analysts forecast 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. Investors of record on Tuesday, May 13th were given a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KKR shares. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Citigroup reduced their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Finally, Bank of America reduced their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $149.43.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm'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 value of $205,200,000.00. Following the completion of the sale, the insider now directly owns 13,260,971 shares in the company, valued at $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Scully acquired 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director now directly owns 13,250 shares in the company, valued at approximately $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

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.