Louisbourg Investments Inc. Increases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Louisbourg Investments Inc. raised its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 104.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,352 shares of the asset manager's stock after purchasing an additional 10,910 shares during the quarter. Louisbourg Investments Inc.'s holdings in KKR & Co. Inc. were worth $2,469,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KKR. McIlrath & Eck LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $36,000. Finally, HM Payson & Co. grew its stake in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after purchasing an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $123.36 on Tuesday. The business has a 50 day simple moving average of $116.37 and a two-hundred day simple moving average of $131.07. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The stock has a market capitalization of $109.87 billion, a P/E ratio of 37.04, a PEG ratio of 1.00 and a beta of 1.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

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

KKR & Co. Inc. Increases Dividend

The company also recently announced 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 dividend 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 is presently 31.22%.

Wall Street Analyst Weigh In

KKR has been the topic of several research analyst reports. Barclays boosted their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Citigroup decreased their price objective 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. Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. One 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 data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $149.43.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 130,925 shares of the company'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 value of $15,929,644.75. Following the completion of the sale, the chairman now directly owns 73,006,022 shares in the company, valued at $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 is available at this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company'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 owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 over the last quarter. 39.34% of the stock is currently owned by 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.

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.