Man Group plc Increases Holdings in KKR & Co. Inc. (NYSE:KKR)

Man Group plc raised its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 280.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,206 shares of the asset manager's stock after purchasing an additional 18,574 shares during the quarter. Man Group plc's holdings in KKR & Co. Inc. were worth $3,728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NorthRock Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $427,000. Nuveen Asset Management LLC grew its position in shares of KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after buying an additional 3,391,581 shares during the period. Meketa Capital LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $2,655,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of KKR & Co. Inc. by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,172 shares of the asset manager's stock worth $10,083,000 after buying an additional 3,195 shares during the period. Finally, MJP Associates Inc. ADV grew its position in shares of KKR & Co. Inc. by 7.4% during the 4th quarter. MJP Associates Inc. ADV now owns 8,816 shares of the asset manager's stock worth $1,304,000 after buying an additional 611 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Robert W. Scully acquired 13,250 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy R. Barakett bought 35,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the transaction, the director now owns 185,000 shares in the company, valued at approximately $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KKR. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Citigroup reduced their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America reduced their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Barclays raised their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, JMP Securities reduced their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Stock Up 3.1%

NYSE:KKR traded up $3.69 during trading hours on Tuesday, hitting $120.87. 4,241,134 shares of the company traded hands, compared to its average volume of 5,021,257. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm's 50-day simple moving average is $113.03 and its 200-day simple moving average is $134.49. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market cap of $107.65 billion, a PE ratio of 36.30, a PEG ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the business earned $0.97 EPS. The business's revenue was down 67.8% on a year-over-year basis. Equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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