Rafferty Asset Management LLC Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

Rafferty Asset Management LLC increased its stake in KKR & Co. Inc. (NYSE:KKR) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,761 shares of the asset manager’s stock after purchasing an additional 8,599 shares during the quarter. Rafferty Asset Management LLC’s holdings in KKR & Co. Inc. were worth $35,463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $36,000. Finally, HM Payson & Co. raised its position in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after acquiring an additional 272 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Robert W. Scully acquired 13,250 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the transaction, the insider now directly owns 13,260,971 shares of the company’s stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR opened at $129.02 on Thursday. The stock has a market capitalization of $114.60 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 1.00 and a beta of 1.91. The company has a fifty day moving average of $111.59 and a 200 day moving average of $135.88. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the company posted $0.97 EPS. The business’s revenue was down 67.8% on a year-over-year basis. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This is a boost 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%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several recent research reports. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Citigroup decreased their price objective on shares of 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. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, Morgan Stanley upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $150.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $149.14.

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.