KKR & Co. Inc. (NYSE:KKR) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 318.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,117 shares of the asset manager's stock after acquiring an additional 21,395 shares during the period. SG Americas Securities LLC's holdings in KKR & Co. Inc. were worth $3,251,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. McIlrath & Eck LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth $26,000. Mascagni Wealth Management Inc. purchased a new stake in KKR & Co. Inc. during the 4th quarter worth $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. during the 4th quarter worth $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth $36,000. Finally, HM Payson & Co. increased its stake in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after buying an additional 272 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR traded down $3.92 on Friday, hitting $121.32. 4,208,306 shares of the company's stock were exchanged, compared to its average volume of 4,907,525. The firm has a market cap of $108.06 billion, a PE ratio of 36.43, a P/E/G ratio of 1.00 and a beta of 1.89. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock has a fifty day moving average of $115.79 and a two-hundred day moving average of $131.55. 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 released 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 firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. KKR & Co. Inc.'s quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on KKR. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Keefe, Bruyette & Woods raised their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Finally, Barclays raised their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Buy" and an average price target of $149.43.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the transaction, the chairman now directly owns 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the transaction, the chairman now directly owns 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 in the last ninety days. Company insiders own 39.34% of the company's stock.

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.