10Elms LLP Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

10Elms LLP bought a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,594 shares of the asset manager’s stock, valued at approximately $679,000. KKR & Co. Inc. comprises approximately 0.7% of 10Elms LLP’s portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Arete Wealth Advisors LLC increased its position in KKR & Co. Inc. by 44.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager’s stock valued at $1,321,000 after acquiring an additional 2,749 shares in the last quarter. Whalen Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at 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 in the last quarter. Systematic Alpha Investments LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $423,000. Finally, Schroder Investment Management Group raised its position in KKR & Co. Inc. by 19.5% in the 4th quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager’s stock worth $11,884,000 after purchasing an additional 13,065 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 1.2%

Shares of NYSE KKR opened at $124.04 on Wednesday. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $110.48 billion, a P/E ratio of 37.25, a P/E/G ratio of 1.00 and a beta of 1.91. The firm has a 50 day moving average price of $112.75 and a 200 day moving average price of $135.46.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm posted $0.97 earnings per share. The business’s quarterly revenue was down 67.8% compared to the same quarter last year. Analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.185 dividend. This is an increase 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 dividend payout ratio is 31.22%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KKR shares. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Citigroup decreased their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. JMP Securities dropped their price objective on 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. Bank of America cut their target price 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, HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and lowered their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Buy” and an average price target of $149.14.

Insiders Place Their Bets

In related news, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 owns 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, 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. Corporate insiders own 39.34% of the company’s stock.

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.