Tidal Investments LLC reduced its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,684 shares of the asset manager's stock after selling 2,418 shares during the quarter. Tidal Investments LLC's holdings in KKR & Co. Inc. were worth $7,792,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in KKR & Co. Inc. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after acquiring an additional 441,817 shares in the last quarter. Geode Capital Management LLC grew its stake in KKR & Co. Inc. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after acquiring an additional 458,048 shares in the last quarter. FMR LLC grew its stake in KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after acquiring an additional 752,056 shares in the last quarter. Norges Bank bought a new position in KKR & Co. Inc. in the 4th quarter worth about $1,435,314,000. Finally, Nuveen Asset Management LLC grew its stake in KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their target price for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. JMP Securities dropped their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. One 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. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of "Buy" and a consensus target price of $149.14.
View Our Latest Stock Report on KKR & Co. Inc.
Insider Buying and Selling at KKR & Co. Inc.
In related news, Director Robert W. Scully purchased 13,250 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, with a total value 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 represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75% decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.
KKR & Co. Inc. Price Performance
Shares of KKR opened at $125.44 on Tuesday. The company has a market cap of $111.72 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average of $112.44 and a two-hundred day moving average of $135.54.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate 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 revenue was down 67.8% compared to the same quarter last year. During the same period last year, the firm earned $0.97 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.
KKR & Co. Inc. Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 31.22%.
KKR & Co. Inc. Company Profile
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Free Report)
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.
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