Vise Technologies Inc. Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Vise Technologies Inc. increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 141.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,813 shares of the asset manager's stock after purchasing an additional 4,579 shares during the period. Vise Technologies Inc.'s holdings in KKR & Co. Inc. were worth $1,156,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. 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. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday. Barclays lifted 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. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, Citigroup cut 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. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Stock Up 3.1%

Shares of NYSE:KKR traded up $3.69 during midday trading on Tuesday, hitting $120.87. 4,241,134 shares of the company's stock were exchanged, compared to its average volume of 5,021,256. 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 50 day moving average price of $112.95 and a 200-day moving average price of $134.59. The company has a market cap of $107.65 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.71 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a $0.185 dividend. 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 dividend payout ratio is presently 31.22%.

Insiders Place Their Bets

In related news, Director Robert W. Scully bought 13,250 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

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.