Royal Bank of Canada Has $318.40 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Royal Bank of Canada raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 24.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,152,639 shares of the asset manager's stock after acquiring an additional 422,032 shares during the quarter. Royal Bank of Canada owned approximately 0.24% of KKR & Co. Inc. worth $318,396,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. grew its stake in KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock worth $64,000 after purchasing an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after buying an additional 69 shares during the last quarter. Ballentine Partners LLC grew its position in shares of KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock worth $846,000 after acquiring an additional 70 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock worth $191,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

KKR has been the subject of a number of research reports. TD Cowen decreased their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Citigroup decreased 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 report on Tuesday, April 8th. Barclays boosted their price target 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. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, JMP Securities decreased their target price 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. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $149.14.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Robert W. Scully acquired 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, with a total value of $1,503,742.50. Following the completion of the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This trade represents a 23.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 5.1%

Shares of KKR stock traded down $6.38 on Wednesday, reaching $117.77. The company had a trading volume of 4,093,538 shares, compared to its average volume of 5,018,292. The company has a 50-day moving average of $112.75 and a 200-day moving average of $135.46. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $104.89 billion, a PE ratio of 35.36, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. The firm's revenue was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. On average, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.185 per share. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

About KKR & Co. Inc.

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.