Simon Quick Advisors LLC Acquires 3,482 Shares of KKR & Co. Inc. (NYSE:KKR)

Simon Quick Advisors LLC raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 123.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,299 shares of the asset manager's stock after purchasing an additional 3,482 shares during the quarter. Simon Quick Advisors LLC's holdings in KKR & Co. Inc. were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Tallon Kerry Patrick bought a new position in KKR & Co. Inc. in the 4th quarter valued at $207,000. Brighton Jones LLC raised its holdings 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 valued at $689,000 after buying an additional 2,437 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of KKR & Co. Inc. by 15.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,253 shares of the asset manager's stock valued at $333,000 after buying an additional 302 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in KKR & Co. Inc. by 10.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 9,151 shares of the asset manager's stock worth $1,354,000 after buying an additional 836 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in KKR & Co. Inc. by 27.5% during the 4th quarter. Savant Capital LLC now owns 2,001 shares of the asset manager's stock worth $296,000 after acquiring an additional 431 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 3.1%

Shares of KKR traded down $3.92 during mid-day trading on Friday, hitting $121.32. 4,208,306 shares of the company's stock were exchanged, compared to its average volume of 4,908,165. 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. has a 52 week low of $86.15 and a 52 week high of $170.40. The company 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. The company has a 50-day simple moving average of $115.24 and a 200 day simple moving average of $132.02.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The business's quarterly revenue was down 67.8% on a year-over-year basis. On average, research analysts forecast 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. Stockholders of record on Tuesday, May 13th were given a $0.185 dividend. This represents a dividend yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated 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 completion of the sale, the insider now owns 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert W. Scully purchased 13,250 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup dropped their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Barclays boosted their price objective 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. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price target for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price 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.