Triavera Capital LLC Invests $13.10 Million in KKR & Co. Inc. (NYSE:KKR)

Triavera Capital LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 88,591 shares of the asset manager's stock, valued at approximately $13,103,000. KKR & Co. Inc. accounts for approximately 7.1% of Triavera Capital LLC's holdings, making the stock its 2nd largest position.

Other hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank grew its stake in shares of KKR & Co. Inc. by 0.6% during the 4th quarter. Toronto Dominion Bank now owns 220,987 shares of the asset manager's stock worth $32,686,000 after acquiring an additional 1,310 shares in the last quarter. Shell Asset Management Co. grew its stake in shares of KKR & Co. Inc. by 129.3% in the fourth quarter. Shell Asset Management Co. now owns 6,330 shares of the asset manager's stock valued at $936,000 after buying an additional 3,570 shares in the last quarter. Royal Bank of Canada grew its stake in shares of KKR & Co. Inc. by 24.4% in the fourth quarter. Royal Bank of Canada now owns 2,152,639 shares of the asset manager's stock valued at $318,396,000 after buying an additional 422,032 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of KKR & Co. Inc. by 3.7% in the fourth quarter. Rafferty Asset Management LLC now owns 239,761 shares of the asset manager's stock valued at $35,463,000 after buying an additional 8,599 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $842,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KKR has been the subject of several analyst reports. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. JMP Securities reduced their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Citigroup reduced 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 research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has an average rating of "Buy" and an average target price of $149.14.

KKR & Co. Inc. Price Performance

KKR stock traded down $6.38 during midday trading 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 market capitalization of $104.89 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The stock has a 50 day moving average price of $112.75 and a 200-day moving average price of $135.46. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. 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. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Equities research analysts expect 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 paid a dividend of $0.185 per share. 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. This represents a yield of 0.64%. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Insiders Place Their Bets

In other news, Director Robert W. Scully purchased 13,250 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, May 6th. The shares were 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business'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 sale, the insider now owns 19,260,971 shares in the company, valued at approximately $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. 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.