KKR & Co. Inc. (NYSE:KKR) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,345,537 shares of the asset manager’s stock after acquiring an additional 322,612 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.38% of KKR & Co. Inc. worth $494,838,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Waverly Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 21.8% in the 4th quarter. Waverly Advisors LLC now owns 25,945 shares of the asset manager’s stock valued at $3,838,000 after acquiring an additional 4,647 shares during the period. Wallace Capital Management Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $224,000. Woodline Partners LP acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $5,996,000. Vident Advisory LLC increased its holdings in shares of KKR & Co. Inc. by 2,631.8% in the 4th quarter. Vident Advisory LLC now owns 328,446 shares of the asset manager’s stock valued at $48,581,000 after acquiring an additional 316,423 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of KKR & Co. Inc. by 0.8% in the 4th quarter. Two Sigma Investments LP now owns 29,558 shares of the asset manager’s stock valued at $4,372,000 after acquiring an additional 234 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Barclays lifted their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. JMP Securities lowered their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Bank of America lowered their price objective 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, Citigroup lowered 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. One analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Buy” and a consensus target price of $149.14.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $124.04 on Wednesday. The firm has a market capitalization of $110.48 billion, a P/E ratio of 37.25, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company’s fifty day moving average is $112.75 and its two-hundred day moving average is $135.46. 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 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 for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business’s revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal 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 given a dividend of $0.185 per share. This is a positive change 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 payout ratio is presently 31.22%.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction 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 of the company’s stock, valued at $634,841,604.16. The trade was a 23.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Scully purchased 13,250 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were purchased 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 in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

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.