Rochester Wealth Strategies LLC Takes $348,000 Position in KKR & Co. Inc. (NYSE:KKR)

Rochester Wealth Strategies LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,010 shares of the asset manager's stock, valued at approximately $348,000. KKR & Co. Inc. comprises 0.3% of Rochester Wealth Strategies LLC's portfolio, making the stock its 18th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of KKR & Co. Inc. by 109.6% in the fourth 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 during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after purchasing an additional 69 shares during the period. QRG Capital Management Inc. increased its holdings in shares of KKR & Co. Inc. by 7.8% during the 4th quarter. QRG Capital Management Inc. now owns 25,418 shares of the asset manager's stock worth $3,760,000 after purchasing an additional 1,843 shares during the period. Parkside Financial Bank & Trust raised its position in shares of KKR & Co. Inc. by 5.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after buying an additional 70 shares during the last quarter. Finally, Flputnam Investment Management Co. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $215,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

KKR stock traded down $1.05 during trading on Monday, hitting $133.24. 4,034,100 shares of the stock traded hands, compared to its average volume of 4,219,293. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market cap of $118.67 billion, a price-to-earnings ratio of 56.22, a P/E/G ratio of 1.49 and a beta of 1.89. The company has a 50 day simple moving average of $120.23 and a 200 day simple moving average of $129.16. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping the consensus estimate 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 net margin of 14.75% and a return on equity of 6.43%. The company's revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the business posted $0.97 earnings per share. Equities analysts expect 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. Shareholders of record on Tuesday, May 13th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is currently 31.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KKR shares. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Buy" and a consensus price target of $149.47.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the transaction, the chairman directly owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Scully purchased 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director owned 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 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.