Union Bancaire Privee UBP SA Takes Position in KKR & Co. Inc. (NYSE:KKR)

Union Bancaire Privee UBP SA bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 23,084 shares of the asset manager's stock, valued at approximately $2,562,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. Norges Bank bought a new position in KKR & Co. Inc. during the 4th quarter worth about $1,435,314,000. Nuveen Asset Management LLC boosted its holdings in shares of 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 valued at $973,894,000 after buying an additional 3,391,581 shares in the last quarter. GQG Partners LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $325,752,000. Proficio Capital Partners LLC boosted its holdings in shares of KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock valued at $232,669,000 after buying an additional 1,542,092 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $218,918,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

KKR traded down $3.92 during trading on Friday, reaching $121.32. 4,208,306 shares of the company's stock were exchanged, compared to its average volume of 4,907,525. 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. The stock has a market capitalization of $108.06 billion, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 1.00 and a beta of 1.89. The company's fifty day simple moving average is $115.79 and its 200-day simple moving average is $131.55.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm posted $0.97 EPS. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. As a group, research analysts predict 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 declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Analyst Ratings Changes

A number of analysts have recently weighed in on KKR shares. Citigroup lowered their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. JMP Securities lowered their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Barclays raised their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating 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 stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $149.43.

Insiders Place Their Bets

In other news, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman now directly owns 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction that occurred on 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 transaction, the chairman now directly owns 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by insiders.

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.