5,673 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 5,673 shares of the asset manager’s stock, valued at approximately $842,000.

Other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its position in KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock worth $322,000 after buying an additional 1,759 shares during the period. Arete Wealth Advisors LLC increased its position in KKR & Co. Inc. by 44.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager’s stock worth $1,321,000 after buying an additional 2,749 shares during the period. Whalen Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $667,000. Jupiter Asset Management Ltd. increased its holdings in shares of KKR & Co. Inc. by 50.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock valued at $16,889,000 after purchasing an additional 38,524 shares during the period. Finally, Systematic Alpha Investments LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $423,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $125.87 on Friday. The firm has a market capitalization of $111.80 billion, a P/E ratio of 37.80, a PEG ratio of 1.00 and a beta of 1.91. The stock has a fifty day moving average price of $112.21 and a 200 day moving average price of $135.68. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion during 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%. The firm’s revenue was down 67.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Insiders Place Their Bets

In related news, Director Robert W. Scully bought 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the purchase, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This 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 this hyperlink. 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 owns 19,260,971 shares of the company’s stock, valued at approximately $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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen dropped their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Citigroup decreased their target price 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. Keefe, Bruyette & Woods boosted their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Finally, Barclays upped their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Buy” and an average target price of $149.14.

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.