255,521 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 255,521 shares of the asset manager's stock, valued at approximately $37,794,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Prana Capital Management LP purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $20,587,000. ProShare Advisors LLC grew its holdings in KKR & Co. Inc. by 11.6% during the 4th quarter. ProShare Advisors LLC now owns 144,652 shares of the asset manager's stock worth $21,395,000 after acquiring an additional 15,021 shares in the last quarter. Quantinno Capital Management LP increased its position in KKR & Co. Inc. by 46.8% during the 4th quarter. Quantinno Capital Management LP now owns 37,091 shares of the asset manager's stock valued at $5,486,000 after purchasing an additional 11,822 shares during the period. Pathstone Holdings LLC increased its position in KKR & Co. Inc. by 10.1% during the 4th quarter. Pathstone Holdings LLC now owns 68,414 shares of the asset manager's stock valued at $10,120,000 after purchasing an additional 6,289 shares during the period. Finally, Mufg Securities Americas Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $1,474,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Robert W. Scully purchased 13,250 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director now directly owns 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider now owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. This trade represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 1.2%

Shares of KKR stock traded down $1.45 during trading hours on Tuesday, hitting $124.04. The company had a trading volume of 3,086,783 shares, compared to its average volume of 5,015,476. 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 capitalization of $110.48 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company's fifty day moving average is $112.44 and its 200 day moving average is $135.54.

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

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is currently 31.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. TD Cowen decreased their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Citigroup lowered their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $149.14.

KKR & Co. Inc. Profile

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.