International Assets Investment Management LLC Takes Position 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) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 179,098 shares of the asset manager's stock, valued at approximately $14,838,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its position in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock worth $26,000 after purchasing an additional 211 shares during the period. NBC Securities Inc. bought a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $43,000. CVA Family Office LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $48,000. Washington Trust Advisors Inc. grew its holdings in KKR & Co. Inc. by 258.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager's stock worth $52,000 after buying an additional 452 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $53,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $2.12 during trading hours on Friday, hitting $95.01. 5,831,690 shares of the company were exchanged, compared to its average volume of 3,719,035. The company has a market capitalization of $84.08 billion, a PE ratio of 21.30, a PEG ratio of 0.88 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a fifty day simple moving average of $97.61 and a 200-day simple moving average of $84.65. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a return on equity of 4.45% and a net margin of 19.38%. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.15 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.175 per share. The ex-dividend date is Friday, May 10th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.74%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 14.80%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the acquisition, the insider now directly owns 429,259 shares of the company's stock, valued at $10,705,719.46. The transaction 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 stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KKR. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. JMP Securities increased their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a "market outperform" rating in a report on Tuesday, April 9th. Morgan Stanley increased their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 24th. TD Cowen decreased their price target on KKR & Co. Inc. from $154.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Barclays increased their price target on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average price target of $91.00.

KKR & Co. Inc. 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.