Wells Fargo & Company MN Has $151.92 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Wells Fargo & Company MN increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,833,671 shares of the asset manager's stock after purchasing an additional 50,695 shares during the quarter. Wells Fargo & Company MN owned 0.21% of KKR & Co. Inc. worth $151,920,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Mckinley Capital Management LLC lifted its stake in KKR & Co. Inc. by 1.0% during the fourth quarter. Mckinley Capital Management LLC now owns 25,904 shares of the asset manager's stock worth $2,146,000 after purchasing an additional 257 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $255,000. BI Asset Management Fondsmaeglerselskab A S increased its position in KKR & Co. Inc. by 12.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 76,448 shares of the asset manager's stock worth $6,334,000 after buying an additional 8,658 shares during the period. Norges Bank acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $649,798,000. Finally, Missouri Trust & Investment Co increased its position in KKR & Co. Inc. by 408.9% in the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager's stock worth $38,000 after buying an additional 368 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $0.79 during mid-day trading on Wednesday, reaching $105.70. 3,003,198 shares of the stock were exchanged, compared to its average volume of 3,558,723. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 1-year low of $48.92 and a 1-year high of $107.94. The firm has a market capitalization of $93.80 billion, a PE ratio of 23.88, a PEG ratio of 0.91 and a beta of 1.62. The business has a fifty day moving average price of $98.87 and a 200 day moving average price of $88.60.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The company had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. Research analysts expect that KKR & Co. Inc. will post 4.06 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders 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 dividend yield of 0.66%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co. Inc.'s payout ratio is currently 15.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KKR shares. Jefferies Financial Group dropped their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. TD Cowen lowered their price target on KKR & Co. Inc. from $154.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Finally, StockNews.com lowered KKR & Co. Inc. from a "hold" rating to a "sell" rating in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.50.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the purchase, the insider now owns 429,259 shares of the company's stock, valued at $10,705,719.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the transaction, the insider now directly owns 366,567 shares of the company's stock, valued at approximately $30,557,025.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the company's stock in a transaction on Wednesday, March 13th. The stock was acquired at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the transaction, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The disclosure for this purchase can be found here. 39.34% of the stock is 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.