KKR & Co. Inc. (NYSE:KKR) Stake Increased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 39.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,076 shares of the asset manager's stock after acquiring an additional 2,006 shares during the period. Valeo Financial Advisors LLC's holdings in KKR & Co. Inc. were worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Bank & Trust raised its holdings in KKR & Co. Inc. by 1.3% during the first quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after purchasing an additional 98 shares in the last quarter. LRI Investments LLC boosted its position in KKR & Co. Inc. by 9.9% during the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock worth $164,000 after purchasing an additional 100 shares during the period. Synovus Financial Corp boosted its position in KKR & Co. Inc. by 1.3% in the 4th quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock valued at $1,230,000 after buying an additional 110 shares during the last quarter. Forum Financial Management LP boosted its position in KKR & Co. Inc. by 1.3% in the 4th quarter. Forum Financial Management LP now owns 8,566 shares of the asset manager's stock valued at $1,267,000 after buying an additional 111 shares during the last quarter. Finally, James J. Burns & Company LLC lifted its position in shares of KKR & Co. Inc. by 1.4% during the first quarter. James J. Burns & Company LLC now owns 8,527 shares of the asset manager's stock worth $986,000 after purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the transaction, the insider owned 13,260,971 shares of the company's stock, valued at $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Scully purchased 13,250 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director owned 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Bank of America lowered 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 research note on Friday, April 4th. Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday. Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, TD Cowen dropped their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average target price of $155.20.

KKR & Co. Inc. Trading Down 1.1%

KKR stock traded down $1.64 during mid-day trading on Friday, reaching $141.42. 1,303,667 shares of the stock traded hands, compared to its average volume of 4,228,507. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market capitalization of $125.95 billion, a PE ratio of 59.55, a PEG ratio of 1.55 and a beta of 1.88. The business has a 50-day moving average price of $125.07 and a two-hundred day moving average price of $128.68.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating 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 return on equity of 6.43% and a net margin of 14.75%. The firm's revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. Equities research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a $0.185 dividend. The ex-dividend date was Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. 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.