Gotham Asset Management LLC Raises Stake in KKR & Co. Inc. (NYSE:KKR)

Gotham Asset Management LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,654 shares of the asset manager’s stock after buying an additional 435 shares during the quarter. Gotham Asset Management LLC’s holdings in KKR & Co. Inc. were worth $6,605,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Graham Capital Management L.P. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $715,000. Ensign Peak Advisors Inc grew its holdings in KKR & Co. Inc. by 11.1% in the 4th quarter. Ensign Peak Advisors Inc now owns 915,870 shares of the asset manager’s stock valued at $135,466,000 after buying an additional 91,600 shares in the last quarter. Clark Capital Management Group Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $231,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in KKR & Co. Inc. by 21.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 455,181 shares of the asset manager’s stock valued at $67,326,000 after buying an additional 80,359 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in KKR & Co. Inc. by 33.7% in the 4th quarter. EP Wealth Advisors LLC now owns 6,409 shares of the asset manager’s stock valued at $948,000 after buying an additional 1,614 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $126.89 on Wednesday. The business has a 50-day moving average of $111.32 and a 200 day moving average of $135.92. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The stock has a market capitalization of $112.71 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results 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 company had revenue of $1.77 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Robert W. Scully purchased 13,250 shares of KKR & Co. Inc. stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director now directly owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75% decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KKR. Hsbc Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and lowered their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Morgan Stanley increased their price target on KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Bank of America lowered their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a report on Friday, April 4th. Finally, Wells Fargo & Company increased their price target on KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

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.