Universal Beteiligungs und Servicegesellschaft mbH Takes $50.20 Million Position in KKR & Co. Inc. (NYSE:KKR)

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

Other institutional investors have also recently bought and sold shares of the company. Arete Wealth Advisors LLC boosted its stake in KKR & Co. Inc. by 44.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after buying an additional 2,749 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after buying an additional 38,524 shares in the last quarter. Systematic Alpha Investments LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth $423,000. Schroder Investment Management Group boosted its stake in KKR & Co. Inc. by 19.5% during the fourth quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager's stock worth $11,884,000 after buying an additional 13,065 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in KKR & Co. Inc. by 16.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 92,566 shares of the asset manager's stock worth $13,691,000 after buying an additional 13,353 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

NYSE KKR traded down $1.05 on Friday, hitting $121.28. 6,807,795 shares of the company were exchanged, compared to its average volume of 5,029,528. The firm has a 50 day moving average of $113.13 and a two-hundred day moving average of $134.17. The company 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. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company's quarterly revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. TD Cowen decreased their price target 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. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Barclays boosted their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. 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. Finally, Bank of America reduced their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Buy" and a consensus target price of $149.43.

Insiders Place Their Bets

In other news, Director Robert W. Scully acquired 13,250 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director now owns 13,250 shares of the company's stock, valued at $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 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 purchased at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the acquisition, the director now directly owns 185,000 shares in the company, valued at approximately $21,815,200. The trade was a 23.33% increase in their position. The disclosure for this purchase can be found here. Company 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.