Pursue Wealth Partners LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Pursue Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,721 shares of the asset manager's stock, valued at approximately $893,000.

Several other hedge funds also recently added to or reduced their stakes in KKR. Tallon Kerry Patrick bought a new position in KKR & Co. Inc. during the 4th quarter valued at about $207,000. Brighton Jones LLC grew its stake in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after acquiring an additional 2,437 shares in the last quarter. D.A. Davidson & CO. grew its stake in KKR & Co. Inc. by 16.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,331 shares of the asset manager's stock worth $1,232,000 after acquiring an additional 1,158 shares in the last quarter. Private Advisor Group LLC grew its stake in KKR & Co. Inc. by 5.6% in the 4th quarter. Private Advisor Group LLC now owns 18,042 shares of the asset manager's stock worth $2,669,000 after acquiring an additional 953 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in KKR & Co. Inc. by 3.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 6,422 shares of the asset manager's stock worth $950,000 after acquiring an additional 189 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Timothy R. Barakett bought 35,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the transaction, the director now directly owns 185,000 shares of the company's stock, valued at approximately $21,815,200. The trade was a 23.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the sale, the insider now directly owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 0.3%

Shares of NYSE KKR traded down $0.40 during midday trading on Monday, reaching $122.20. 2,696,312 shares of the company's stock traded hands, compared to its average volume of 4,293,328. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock's 50 day simple moving average is $118.03 and its 200-day simple moving average is $129.81. 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 $108.84 billion, a price-to-earnings ratio of 51.56, a P/E/G ratio of 1.36 and a beta of 1.89.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm earned $0.97 earnings per share. The company's quarterly revenue was down 67.8% on a year-over-year basis. On average, analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KKR shares. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Barclays upped their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, Citigroup dropped their target price on shares of 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. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $149.43.

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.