KKR & Co. Inc. (NYSE:KKR) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 106.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,584,370 shares of the asset manager’s stock after acquiring an additional 3,391,581 shares during the period. Nuveen Asset Management LLC’s holdings in KKR & Co. Inc. were worth $973,894,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the 4th quarter worth about $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $36,000. Finally, HM Payson & Co. grew its holdings in KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity

In other news, Director Robert W. Scully acquired 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s 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 transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade 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.

KKR & Co. Inc. Stock Up 1.3%

KKR stock opened at $126.89 on Wednesday. The company’s 50 day simple moving average is $111.32 and its 200-day simple moving average is $135.92. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $112.71 billion, a P/E ratio of 38.11, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the business earned $0.97 EPS. The business’s revenue for the quarter was down 67.8% on a year-over-year basis. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced 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 an increase from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio is currently 31.22%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JMP Securities cut 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 note on Tuesday, April 8th. Bank of America lowered their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday, April 4th. 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 research note on Monday, May 5th. Barclays upped their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Citigroup lowered their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.00.

About KKR & Co. Inc.

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.