Voleon Capital Management LP Purchases Shares of 3,473 KKR & Co. Inc. (NYSE:KKR)

Voleon Capital Management LP purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,473 shares of the asset manager's stock, valued at approximately $514,000.

Several other institutional investors also recently bought and sold shares of the business. Farmers & Merchants Investments Inc. lifted its holdings in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after buying an additional 65 shares during the period. Oppenheimer Asset Management Inc. grew its position in KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after purchasing an additional 69 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after purchasing an additional 70 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of KKR & Co. Inc. by 5.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock worth $191,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock worth $1,623,000 after purchasing an additional 73 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KKR shares. Wells Fargo & Company raised their price target 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. Barclays increased their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday. Citigroup lowered their price target 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 lifted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $144.73.

Insider Buying and Selling at KKR & Co. Inc.

In other 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 1.9 %

KKR traded down $2.23 during trading hours on Monday, hitting $114.70. 3,524,886 shares of the company's stock were exchanged, compared to its average volume of 4,979,606. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The stock has a market cap of $101.88 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 1.00 and a beta of 1.91. 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's 50-day moving average is $112.48 and its two-hundred day moving average is $136.93.

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

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. 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.