International Assets Investment Management LLC Purchases 507 Shares of KKR & Co. Inc. (NYSE:KKR)

International Assets Investment Management LLC raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 21.0% during the first quarter, HoldingsChannel reports. The firm owned 2,927 shares of the asset manager’s stock after purchasing an additional 507 shares during the period. International Assets Investment Management LLC’s holdings in KKR & Co. Inc. were worth $338,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake 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. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. grew its position in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KKR. JMP Securities lowered their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Citigroup lowered their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Finally, Morgan Stanley upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $149.43.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the transaction, the insider now owns 13,260,971 shares of the company’s stock, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the transaction, the chairman now owns 82,171,884 shares of the company’s stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Trading Up 2.0%

KKR opened at $134.52 on Friday. The business has a 50 day simple moving average of $120.23 and a two-hundred day simple moving average of $129.53. The firm has a market capitalization of $119.81 billion, a price-to-earnings ratio of 56.76, a PEG ratio of 1.47 and a beta of 1.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business’s revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share. Analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.’s payout ratio is presently 31.22%.

About KKR & Co. Inc.

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.