OMERS ADMINISTRATION Corp Lowers Stake in KKR & Co. Inc. (NYSE:KKR)

OMERS ADMINISTRATION Corp decreased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,793 shares of the asset manager's stock after selling 4,918 shares during the period. OMERS ADMINISTRATION Corp's holdings in KKR & Co. Inc. were worth $4,998,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its stake in KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after buying an additional 1,759 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in KKR & Co. Inc. by 44.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after purchasing an additional 2,749 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in KKR & Co. Inc. in the fourth quarter worth $667,000. Caldwell Investment Management Ltd. grew its holdings in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock worth $31,477,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in KKR & Co. Inc. by 50.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after purchasing an additional 38,524 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR traded up $0.23 during mid-day trading on Friday, hitting $125.87. The company's stock had a trading volume of 2,478,794 shares, compared to its average volume of 5,009,951. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $111.80 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 1.00 and a beta of 1.91. The business's fifty day moving average is $112.21 and its two-hundred day moving average is $135.68.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm's revenue was down 67.8% on a year-over-year basis. Analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.185 dividend. This represents a yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Scully acquired 13,250 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director now owns 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KKR shares. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. JMP Securities cut their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. TD Cowen cut their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Barclays lifted their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $120.00 to $150.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $149.14.

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.