Advisor Resource Council Acquires Shares of 9,953 KKR & Co. Inc. (NYSE:KKR)

Advisor Resource Council acquired a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,953 shares of the asset manager's stock, valued at approximately $1,001,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC grew its stake in KKR & Co. Inc. by 0.9% in the 4th quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager's stock worth $1,020,000 after acquiring an additional 114 shares in the last quarter. E&G Advisors LP grew its stake in KKR & Co. Inc. by 1.5% in the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager's stock worth $723,000 after acquiring an additional 126 shares in the last quarter. Montag A & Associates Inc. grew its stake in KKR & Co. Inc. by 4.8% in the 4th quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager's stock worth $232,000 after acquiring an additional 128 shares in the last quarter. Cross Staff Investments Inc grew its stake in KKR & Co. Inc. by 0.7% in the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager's stock worth $1,617,000 after acquiring an additional 130 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of KKR & Co. Inc. by 0.3% during the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager's stock valued at $3,241,000 after purchasing an additional 133 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. JMP Securities increased their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a "market outperform" rating in a research note on Tuesday, April 9th. StockNews.com downgraded shares of KKR & Co. Inc. from a "hold" rating to a "sell" rating in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, June 11th. Barclays increased their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $116.00 price objective on shares of KKR & Co. Inc. in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $99.43.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the sale, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business's stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm's stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares of the company's stock, valued at $247,641,076.08. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $0.13 during midday trading on Thursday, reaching $106.06. The company had a trading volume of 1,252,157 shares, compared to its average volume of 13,468,917. KKR & Co. Inc. has a 1 year low of $52.95 and a 1 year high of $113.91. The business's 50-day simple moving average is $104.03 and its 200 day simple moving average is $96.20. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The stock has a market cap of $94.12 billion, a P/E ratio of 23.78, a P/E/G ratio of 0.92 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The company had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. On average, analysts forecast that KKR & Co. Inc. will post 4.04 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a dividend of $0.175 per share. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.'s payout ratio is presently 15.70%.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.