Charles Schwab Investment Management Inc. Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Charles Schwab Investment Management Inc. grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,228,091 shares of the asset manager's stock after acquiring an additional 102,773 shares during the period. Charles Schwab Investment Management Inc. owned about 0.25% of KKR & Co. Inc. worth $184,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of KKR & Co. Inc. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager's stock valued at $2,460,381,000 after buying an additional 475,118 shares during the period. Wellington Management Group LLP grew its holdings in shares of KKR & Co. Inc. by 297.0% during the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager's stock valued at $312,469,000 after purchasing an additional 3,794,837 shares during the last quarter. California Public Employees Retirement System raised its position in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. California Public Employees Retirement System now owns 1,202,841 shares of the asset manager's stock worth $99,655,000 after purchasing an additional 9,266 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of KKR & Co. Inc. by 14.2% in the 4th quarter. Natixis Advisors L.P. now owns 635,090 shares of the asset manager's stock worth $52,616,000 after purchasing an additional 78,853 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of KKR & Co. Inc. by 215.5% in the 4th quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager's stock worth $28,242,000 after purchasing an additional 232,821 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares of the company's stock, valued at approximately $25,017,175. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction dated 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. Insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent research reports. StockNews.com upgraded shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research report on Thursday, May 2nd. Morgan Stanley boosted their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. Barclays increased their price target on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. Finally, TD Cowen decreased their target price on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $92.47.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded up $0.89 during mid-day trading on Friday, hitting $103.12. The company's stock had a trading volume of 4,234,392 shares, compared to its average volume of 3,553,498. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48. The stock's fifty day moving average price is $97.89 and its two-hundred day moving average price is $85.49. The stock has a market capitalization of $91.26 billion, a P/E ratio of 23.01, a P/E/G ratio of 0.81 and a beta of 1.62. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.45% and a net margin of 19.38%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. Research analysts forecast 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. Shareholders of record on Monday, May 13th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, May 10th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.17. KKR & Co. Inc.'s payout ratio is presently 15.70%.

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.