Schonfeld Strategic Advisors LLC Buys 70,724 Shares of KKR & Co. Inc. (NYSE:KKR)

Schonfeld Strategic Advisors LLC increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 2,188.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,955 shares of the asset manager's stock after purchasing an additional 70,724 shares during the period. Schonfeld Strategic Advisors LLC's holdings in KKR & Co. Inc. were worth $10,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of KKR & Co. Inc. by 4.5% in the fourth quarter. AQR Capital Management LLC now owns 51,435 shares of the asset manager's stock valued at $7,608,000 after buying an additional 2,221 shares during the last quarter. Northern Trust Corp boosted its position in KKR & Co. Inc. by 10.8% during the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock worth $909,741,000 after purchasing an additional 600,696 shares during the period. Public Employees Retirement Association of Colorado boosted its position in KKR & Co. Inc. by 0.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,002 shares of the asset manager's stock worth $12,573,000 after purchasing an additional 226 shares during the period. Quarry LP increased its holdings in shares of KKR & Co. Inc. by 228.9% in the fourth quarter. Quarry LP now owns 786 shares of the asset manager's stock valued at $116,000 after purchasing an additional 547 shares during the last quarter. Finally, Prosperity Consulting Group LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $285,000. Institutional investors own 76.26% of the company's stock.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KKR shares. Bank of America dropped their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. 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. Barclays lifted their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $144.73.

KKR & Co. Inc. Stock Performance

KKR stock traded down $0.56 during midday trading on Tuesday, hitting $114.23. The company's stock had a trading volume of 1,324,387 shares, compared to its average volume of 4,965,451. The stock's 50-day moving average price is $112.12 and its 200 day moving average price is $136.76. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $101.47 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business 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%. The firm's quarterly revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

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.