Vident Advisory LLC Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Vident Advisory LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 2,631.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 328,446 shares of the asset manager's stock after purchasing an additional 316,423 shares during the quarter. KKR & Co. Inc. comprises 0.9% of Vident Advisory LLC's portfolio, making the stock its 19th biggest holding. Vident Advisory LLC's holdings in KKR & Co. Inc. were worth $48,581,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of KKR. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $36,000. Finally, HM Payson & Co. lifted its stake in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, 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 transaction 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. The trade was a 23.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Scully purchased 13,250 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Up 0.3%

Shares of KKR traded up $0.34 during trading hours on Thursday, hitting $118.10. The company had a trading volume of 3,562,328 shares, compared to its average volume of 5,020,540. The company has a market capitalization of $105.18 billion, a PE ratio of 35.47, a price-to-earnings-growth 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 one year low of $86.15 and a one year high of $170.40. The company's fifty day moving average price is $112.83 and its two-hundred day moving average price is $135.34.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results 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. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $0.97 EPS. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, equities analysts forecast 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 announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. This represents a yield of 0.64%. 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. KKR & Co. Inc.'s payout ratio is 31.22%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KKR. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their target price for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Bank of America decreased their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Finally, Barclays lifted their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. One equities research 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, the stock has an average rating of "Buy" and a consensus price target of $149.14.

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.