International Assets Investment Management LLC Invests $14.84 Million in KKR & Co. Inc. (NYSE:KKR)

International Assets Investment Management LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 179,098 shares of the asset manager's stock, valued at approximately $14,838,000.

Other large investors have also recently made changes to their positions in the company. Avitas Wealth Management LLC boosted its position in KKR & Co. Inc. by 1.2% in the 4th quarter. Avitas Wealth Management LLC now owns 35,277 shares of the asset manager's stock valued at $2,923,000 after buying an additional 406 shares during the period. U S Global Investors Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $1,205,000. Factory Mutual Insurance Co. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $14,084,000. Integrated Investment Consultants LLC boosted its position in KKR & Co. Inc. by 33.9% in the 4th quarter. Integrated Investment Consultants LLC now owns 7,046 shares of the asset manager's stock valued at $584,000 after buying an additional 1,785 shares during the period. Finally, Webster Bank N. A. boosted its position in KKR & Co. Inc. by 125.3% in the 4th quarter. Webster Bank N. A. now owns 1,933 shares of the asset manager's stock valued at $160,000 after buying an additional 1,075 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KKR shares. Morgan Stanley boosted their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 24th. TD Cowen boosted their price target on shares of KKR & Co. Inc. to $144.00 and gave the company a "buy" rating in a report on Thursday. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Barclays boosted their price target on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Monday. Finally, Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average price target of $90.64.

KKR & Co. Inc. Stock Down 3.2 %

Shares of NYSE KKR traded down $3.17 during trading hours on Friday, hitting $97.28. 2,829,465 shares of the stock were exchanged, compared to its average volume of 3,428,720. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The company has a market cap of $86.09 billion, a PE ratio of 23.85, a PEG ratio of 0.87 and a beta of 1.61. The firm has a fifty day moving average price of $97.41 and a 200-day moving average price of $80.53. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. On average, sell-side analysts expect that KKR & Co. Inc. will post 4.37 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. KKR & Co. Inc.'s payout ratio is 16.18%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now directly owns 1,000,687 shares of the company's stock, valued at $25,017,175. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.