2,887 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by NorthRock Partners LLC

NorthRock Partners LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,887 shares of the asset manager's stock, valued at approximately $427,000.

Several other institutional investors have also made changes to their positions in KKR. Brookstone Capital Management bought a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $335,000. Miracle Mile Advisors LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $219,000. AdvisorNet Financial Inc raised its position in KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after acquiring an additional 1,759 shares in the last quarter. Park Avenue Securities LLC raised its position in KKR & Co. Inc. by 44.6% during the fourth quarter. Park Avenue Securities LLC now owns 22,868 shares of the asset manager's stock valued at $3,382,000 after acquiring an additional 7,058 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in KKR & Co. Inc. by 4.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 51,788 shares of the asset manager's stock valued at $7,660,000 after acquiring an additional 2,169 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $1.45 on Tuesday, hitting $124.04. The company's stock had a trading volume of 3,086,783 shares, compared to its average volume of 5,004,965. The firm has a market cap of $110.48 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $112.44 and a 200-day moving average price of $135.54. 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 announced 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. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business's revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on KKR. Bank of America cut 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 report on Friday, April 4th. TD Cowen reduced their price objective on shares of 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. 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. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company boosted 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. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.