Universal Beteiligungs und Servicegesellschaft mbH Takes Position in KKR & Co. Inc. (NYSE:KKR)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 339,388 shares of the asset manager's stock, valued at approximately $50,199,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $26,000. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $34,000. Finally, Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $36,000. Institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KKR. Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. TD Cowen cut 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 report on Wednesday, April 9th. Bank of America cut their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $149.43.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy R. Barakett acquired 35,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the acquisition, the director now owns 185,000 shares of the company's stock, valued at approximately $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded down $1.05 during midday trading on Friday, reaching $121.28. The company had a trading volume of 6,807,795 shares, compared to its average volume of 5,038,252. The company's 50 day moving average price is $113.11 and its 200 day moving average price is $133.70. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $108.02 billion, a P/E ratio of 36.42, a P/E/G ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion for 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%. The firm's quarterly revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a $0.185 dividend. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s payout ratio is 31.22%.

About KKR & Co. Inc.

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.