Graham Capital Management L.P. Buys New Position in KKR & Co. Inc. (NYSE:KKR)

Graham Capital Management L.P. purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,833 shares of the asset manager's stock, valued at approximately $715,000.

Other hedge funds have also modified their holdings of the company. Ensign Peak Advisors Inc boosted its holdings in KKR & Co. Inc. by 11.1% during the 4th quarter. Ensign Peak Advisors Inc now owns 915,870 shares of the asset manager's stock valued at $135,466,000 after acquiring an additional 91,600 shares during the period. Clark Capital Management Group Inc. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $231,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of KKR & Co. Inc. by 21.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 455,181 shares of the asset manager's stock valued at $67,326,000 after purchasing an additional 80,359 shares in the last quarter. EP Wealth Advisors LLC increased its stake in KKR & Co. Inc. by 33.7% during the 4th quarter. EP Wealth Advisors LLC now owns 6,409 shares of the asset manager's stock worth $948,000 after buying an additional 1,614 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in KKR & Co. Inc. by 160.1% during the 4th quarter. CoreCap Advisors LLC now owns 489 shares of the asset manager's stock worth $72,000 after buying an additional 301 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KKR has been the topic of a number of recent research reports. Citigroup cut their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. TD Cowen lowered their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Bank of America reduced their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. JMP Securities decreased their price objective on 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. Finally, 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $149.14.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director now directly 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 Performance

KKR stock traded up $0.23 during trading on Friday, reaching $125.87. 2,478,794 shares of the company's stock were exchanged, compared to its average volume of 5,022,579. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm has a market cap of $112.10 billion, a PE ratio of 37.80, a P/E/G ratio of 1.00 and a beta of 1.91. The company's fifty day moving average price is $112.21 and its 200-day moving average price is $135.65. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the firm earned $0.97 EPS. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. On average, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.'s payout ratio is presently 31.22%.

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.