KKR & Co. Inc. (NYSE:KKR) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,105 shares of the asset manager's stock after purchasing an additional 2,140 shares during the quarter. State of Alaska Department of Revenue's holdings in KKR & Co. Inc. were worth $9,145,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Tallon Kerry Patrick purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $207,000. Brighton Jones LLC grew its holdings in KKR & Co. Inc. by 109.6% during 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. Van ECK Associates Corp increased its position in shares of KKR & Co. Inc. by 30.8% in the 4th quarter. Van ECK Associates Corp now owns 22,457 shares of the asset manager's stock valued at $3,322,000 after purchasing an additional 5,291 shares during the last quarter. Allworth Financial LP increased its position in shares of KKR & Co. Inc. by 84.6% in the 4th quarter. Allworth Financial LP now owns 4,944 shares of the asset manager's stock valued at $798,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 6.0% in the 4th quarter. Sanctuary Advisors LLC now owns 98,319 shares of the asset manager's stock valued at $14,542,000 after purchasing an additional 5,578 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In related news, Director Timothy R. Barakett bought 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director now owns 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the transaction, the insider now directly owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,471,488 shares of company stock worth $501,529,092 over the last three months. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded up $1.23 during midday trading on Thursday, hitting $122.29. 2,399,599 shares of the company's stock were exchanged, compared to its average volume of 4,878,356. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $108.91 billion, a price-to-earnings ratio of 51.60, a price-to-earnings-growth ratio of 1.35 and a beta of 1.89. The firm's 50 day simple moving average is $116.81 and its 200 day simple moving average is $130.94.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results 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 return on equity of 6.43% and a net margin of 14.75%. The business 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 company posted $0.97 earnings per share. The company's revenue for the quarter was down 67.8% compared to the same quarter last year. Equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KKR shares. Barclays boosted 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. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Bank of America dropped 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. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. 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 report on Tuesday, April 15th. One equities research 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 stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $149.43.

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.