Nuveen Asset Management LLC Purchases 3,391,581 Shares of KKR & Co. Inc. (NYSE:KKR)

Nuveen Asset Management LLC grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 106.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,584,370 shares of the asset manager's stock after acquiring an additional 3,391,581 shares during the quarter. Nuveen Asset Management LLC owned 0.74% of KKR & Co. Inc. worth $973,894,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Farmers & Merchants Investments Inc. lifted its position in shares of KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock worth $64,000 after acquiring an additional 65 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after acquiring an additional 69 shares during the period. Ballentine Partners LLC lifted its position in shares of KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock worth $846,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock worth $191,000 after acquiring an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock worth $1,623,000 after acquiring an additional 73 shares during the period. Institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on KKR shares. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. TD Cowen dropped their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. JMP Securities dropped their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $120.00 to $150.00 in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. 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, KKR & Co. Inc. presently has a consensus rating of "Buy" and an average price target of $149.14.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was 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 of the company's stock, valued at approximately $634,841,604.16. This trade represents a 23.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost 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 position. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Up 0.2%

Shares of KKR & Co. Inc. stock traded up $0.23 during trading on Friday, reaching $125.87. 2,478,794 shares of the company were exchanged, compared to its average volume of 5,009,951. 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. has a twelve month low of $86.15 and a twelve month high of $170.40. The business has a 50-day moving average price of $112.21 and a 200-day moving average price of $135.68. The firm has a market capitalization of $111.80 billion, a price-to-earnings ratio of 37.80, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping 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 return on equity of 6.20% and a net margin of 14.31%. The company's revenue for the quarter was down 67.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. Sell-side analysts anticipate 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. Stockholders of record on Tuesday, May 13th will be given a $0.185 dividend. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

About KKR & Co. Inc.

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.