Pathstone Holdings LLC Acquires 6,289 Shares of KKR & Co. Inc. (NYSE:KKR)

Pathstone Holdings LLC grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 68,414 shares of the asset manager's stock after buying an additional 6,289 shares during the period. Pathstone Holdings LLC's holdings in KKR & Co. Inc. were worth $10,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $30,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $36,000. Finally, HM Payson & Co. lifted its position in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after purchasing an additional 272 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

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

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent analyst reports. 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 research report on Friday, May 2nd. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Citigroup lowered their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. 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. Finally, Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $149.14.

KKR & Co. Inc. Stock Performance

KKR traded down $0.46 during trading hours on Monday, reaching $125.44. The company's stock had a trading volume of 2,536,118 shares, compared to its average volume of 5,012,636. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company's 50-day moving average is $112.21 and its 200-day moving average is $135.63. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The firm has a market cap of $111.72 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate 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 revenue was down 67.8% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. On average, equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

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.