Mufg Securities Americas Inc. Acquires Shares of 9,965 KKR & Co. Inc. (NYSE:KKR)

Mufg Securities Americas Inc. bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,965 shares of the asset manager's stock, valued at approximately $1,474,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its position in shares of KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after buying an additional 1,759 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in KKR & Co. Inc. by 44.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after acquiring an additional 2,749 shares in the last quarter. Whalen Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $667,000. Caldwell Investment Management Ltd. grew its stake in shares of KKR & Co. Inc. by 2.9% in the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after purchasing an additional 5,900 shares during the period. Finally, Jupiter Asset Management Ltd. grew its stake in shares of KKR & Co. Inc. by 50.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock valued at $16,889,000 after purchasing an additional 38,524 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.2%

Shares of NYSE KKR traded up $0.23 during mid-day trading on Friday, hitting $125.87. The company had a trading volume of 2,478,794 shares, compared to its average volume of 5,009,951. The company has a market capitalization of $111.80 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The firm has a 50-day simple moving average of $112.21 and a two-hundred day simple moving average of $135.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

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

KKR & Co. Inc. Increases Dividend

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

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the sale, the insider now directly owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Scully purchased 13,250 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, the director now owns 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. TD Cowen decreased their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Barclays upped their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday. Finally, Citigroup dropped their price objective on 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. One investment 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. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $149.14.

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.