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

Man Group plc increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 280.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,206 shares of the asset manager's stock after purchasing an additional 18,574 shares during the period. Man Group plc's holdings in KKR & Co. Inc. were worth $3,728,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KKR. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $36,000. Finally, HM Payson & Co. increased its position in shares of 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. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KKR has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. JMP Securities lowered 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 report on Tuesday, April 8th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their target price for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. TD Cowen decreased their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Barclays boosted their target price 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. One 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $149.43.

KKR & Co. Inc. Trading Up 1.5%

NYSE KKR traded up $1.81 on Tuesday, hitting $118.99. The company's stock had a trading volume of 647,621 shares, compared to its average volume of 5,007,200. The firm has a market cap of $105.97 billion, a P/E ratio of 35.72, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company's 50-day simple moving average is $112.95 and its 200 day simple moving average is $134.59. The company has a current ratio of 0.07, a quick 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 results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm's revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. Research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a $0.185 dividend. This represents a dividend yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Scully bought 13,250 shares of the stock in a transaction dated 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 purchase, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

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.