Raiffeisen Bank International AG Makes New $842,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Raiffeisen Bank International AG purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,673 shares of the asset manager's stock, valued at approximately $842,000.

A number of other large investors have also modified their holdings of KKR. Brookstone Capital Management purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $335,000. Miracle Mile Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $219,000. AdvisorNet Financial Inc grew its stake in shares of KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after acquiring an additional 1,759 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of KKR & Co. Inc. by 44.6% during the fourth quarter. Park Avenue Securities LLC now owns 22,868 shares of the asset manager's stock worth $3,382,000 after acquiring an additional 7,058 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in shares of KKR & Co. Inc. by 4.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 51,788 shares of the asset manager's stock worth $7,660,000 after acquiring an additional 2,169 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JMP Securities dropped their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their target price for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $120.00 to $150.00 in a research note on Wednesday. Barclays increased their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $149.14.

Insider Activity

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

KKR & Co. Inc. Stock Up 0.2%

Shares of NYSE:KKR opened at $125.87 on Friday. The business has a 50-day moving average price of $112.21 and a 200 day moving average price of $135.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $111.80 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40.

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

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.185 per share. This represents a yield of 0.64%. This is a boost 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 (DPR) is 31.22%.

KKR & Co. Inc. Company 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.

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