Bleakley Financial Group LLC Purchases 11,913 Shares of KKR & Co. Inc. (NYSE:KKR)

Bleakley Financial Group LLC grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 42.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,724 shares of the asset manager's stock after purchasing an additional 11,913 shares during the period. Bleakley Financial Group LLC's holdings in KKR & Co. Inc. were worth $5,187,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 6.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager's stock worth $1,755,838,000 after purchasing an additional 996,871 shares during the last quarter. Capital World Investors raised its holdings in KKR & Co. Inc. by 7.4% during the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager's stock worth $1,674,144,000 after purchasing an additional 1,139,784 shares during the last quarter. Legal & General Group Plc raised its holdings in KKR & Co. Inc. by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager's stock worth $628,147,000 after purchasing an additional 323,189 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of KKR & Co. Inc. by 64.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock valued at $424,835,000 after acquiring an additional 1,585,447 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in shares of KKR & Co. Inc. by 3.7% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager's stock valued at $380,442,000 after acquiring an additional 127,726 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.2 %

Shares of NYSE KKR traded up $0.28 during trading hours on Friday, hitting $138.12. The company had a trading volume of 370,832 shares, compared to its average volume of 4,369,979. The stock has a market capitalization of $122.57 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $139.82. The firm's 50 day moving average is $125.64 and its 200-day moving average is $112.30.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $0.58 EPS. On average, analysts expect that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 15.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. StockNews.com raised KKR & Co. Inc. to a "sell" rating in a research note on Monday, October 7th. Argus raised KKR & Co. Inc. to a "strong-buy" rating in a research note on Thursday, August 1st. Citigroup increased their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company increased their target price on KKR & Co. Inc. from $130.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $144.43.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Company 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.