Perennial Advisors LLC Buys New Holdings in KKR & Co. Inc. (NYSE:KKR)

Perennial Advisors LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 115,149 shares of the asset manager's stock, valued at approximately $17,032,000. KKR & Co. Inc. makes up about 3.7% of Perennial Advisors LLC's portfolio, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in KKR. McIlrath & Eck LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $26,000. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $36,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded up $0.13 during trading hours on Wednesday, reaching $121.05. 2,934,964 shares of the company's stock were exchanged, compared to its average volume of 5,019,487. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market cap of $107.81 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company's 50 day moving average is $113.03 and its two-hundred day moving average is $134.49. 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 released 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 firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted $0.97 EPS. KKR & Co. Inc.'s quarterly revenue was down 67.8% on a year-over-year basis. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America decreased their target price on 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. Keefe, Bruyette & Woods upped their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" 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 research report on Tuesday, April 8th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. 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 on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction 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 trade represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy R. Barakett purchased 35,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the transaction, the director now directly owns 185,000 shares of the company's stock, valued at $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company 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.