Western Financial Corp CA Invests $739,000 in KKR & Co. Inc. (NYSE:KKR)

Western Financial Corp CA bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,395 shares of the asset manager's stock, valued at approximately $739,000.

Other institutional investors have also recently bought and sold shares of the company. Penobscot Investment Management Company Inc. bought a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $636,000. Robeco Institutional Asset Management B.V. increased its holdings in KKR & Co. Inc. by 6.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 108,200 shares of the asset manager's stock worth $12,509,000 after purchasing an additional 6,200 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in KKR & Co. Inc. by 48.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 22,827 shares of the asset manager's stock worth $2,639,000 after purchasing an additional 7,481 shares in the last quarter. SOL Capital Management CO raised its position in KKR & Co. Inc. by 7.5% in the first quarter. SOL Capital Management CO now owns 138,723 shares of the asset manager's stock valued at $16,038,000 after purchasing an additional 9,720 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of KKR & Co. Inc. by 3.9% during the first quarter. Spire Wealth Management now owns 11,701 shares of the asset manager's stock valued at $1,353,000 after purchasing an additional 443 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the sale, the chairman now directly owns 73,006,022 shares in the company, valued at $8,882,642,696.74. This trade represents a 0.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Timothy R. Barakett purchased 35,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the acquisition, the director now owns 185,000 shares of the company's stock, valued at approximately $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 in the last quarter. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 2.5%

Shares of NYSE:KKR traded up $3.26 during midday trading on Thursday, reaching $132.10. The company's stock had a trading volume of 3,914,921 shares, compared to its average volume of 4,266,494. The firm has a market capitalization of $117.65 billion, a price-to-earnings ratio of 55.74, a PEG ratio of 1.42 and a beta of 1.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a 50 day moving average price of $119.03 and a two-hundred day moving average price of $129.79. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its 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. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business 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 company posted $0.97 earnings per share. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on KKR shares. Wells Fargo & Company upped their price objective on 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 upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. JMP Securities dropped their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Finally, Bank of America lowered 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. One analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $149.43.

KKR & Co. Inc. 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.