EP Wealth Advisors LLC Purchases 1,614 Shares of KKR & Co. Inc. (NYSE:KKR)

EP Wealth Advisors LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 33.7% during the 4th quarter, Holdings Channel reports. The firm owned 6,409 shares of the asset manager’s stock after purchasing an additional 1,614 shares during the quarter. EP Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $948,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $1,435,314,000. GQG Partners LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $325,752,000. Proficio Capital Partners LLC boosted its holdings in KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after acquiring an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $218,918,000. Finally, Roberts Foundation bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $147,910,000. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KKR shares. Citigroup cut their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lifted their price objective on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. Bank of America dropped their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Finally, Barclays boosted their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.00.

Insider Activity

In other KKR & Co. Inc. news, Director Robert W. Scully purchased 13,250 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price 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 in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The acquisition 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 company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $117.96 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $104.78 billion, a P/E ratio of 35.42, a PEG ratio of 1.00 and a beta of 1.91. The firm has a 50-day moving average of $111.06 and a 200 day moving average of $136.14. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company’s revenue was down 67.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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