AQR Capital Management LLC Has $7.61 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

AQR Capital Management LLC grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,435 shares of the asset manager's stock after acquiring an additional 2,221 shares during the period. AQR Capital Management LLC's holdings in KKR & Co. Inc. were worth $7,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Northern Trust Corp lifted its position in shares of KKR & Co. Inc. by 10.8% during the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock worth $909,741,000 after purchasing an additional 600,696 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in KKR & Co. Inc. by 0.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 85,002 shares of the asset manager's stock valued at $12,573,000 after buying an additional 226 shares during the last quarter. Quarry LP boosted its position in KKR & Co. Inc. by 228.9% in the 4th quarter. Quarry LP now owns 786 shares of the asset manager's stock valued at $116,000 after buying an additional 547 shares during the last quarter. Prosperity Consulting Group LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $285,000. Finally, Coldstream Capital Management Inc. increased its position in shares of KKR & Co. Inc. by 28.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,208 shares of the asset manager's stock worth $622,000 after acquiring an additional 941 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded down $0.77 on Friday, hitting $117.96. The company had a trading volume of 4,073,129 shares, compared to its average volume of 5,004,668. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. 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 company has a market cap of $104.78 billion, a PE ratio of 35.42, a PEG ratio of 1.00 and a beta of 1.91. The business has a 50-day simple moving average of $111.06 and a 200-day simple moving average of $136.16.

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 analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm's quarterly revenue was down 67.8% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. Research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued 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%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JMP Securities reduced 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 research report on Tuesday, April 8th. Bank of America dropped 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. Morgan Stanley lifted their target price on KKR & Co. Inc. from $114.00 to $120.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $147.00.

Insider Activity

In related news, Director Robert W. Scully acquired 13,250 shares of the business'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 acquisition, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm'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 completion of the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.

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.