Investment Management Corp of Ontario Boosts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Investment Management Corp of Ontario increased its position in KKR & Co. Inc. (NYSE:KKR) by 29.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,743 shares of the asset manager’s stock after acquiring an additional 6,059 shares during the quarter. Investment Management Corp of Ontario’s holdings in KKR & Co. Inc. were worth $3,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. raised its position in shares of KKR & Co. Inc. by 174.7% during the 4th quarter. Jefferies Financial Group Inc. now owns 30,929 shares of the asset manager’s stock valued at $4,575,000 after purchasing an additional 19,670 shares during the period. Gotham Asset Management LLC increased its stake in KKR & Co. Inc. by 1.0% in the 4th quarter. Gotham Asset Management LLC now owns 44,654 shares of the asset manager’s stock worth $6,605,000 after buying an additional 435 shares in the last quarter. Graham Capital Management L.P. bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $715,000. Ensign Peak Advisors Inc lifted its position in shares of KKR & Co. Inc. by 11.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 915,870 shares of the asset manager’s stock valued at $135,466,000 after acquiring an additional 91,600 shares in the last quarter. Finally, Clark Capital Management Group Inc. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $231,000. Institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the transaction, the director now owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the topic of several recent analyst reports. JMP Securities decreased their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Citigroup cut their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and lowered their target price for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley boosted their price target on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

KKR & Co. Inc. Trading Down 0.6 %

Shares of KKR opened at $117.96 on Friday. The company’s fifty day simple moving average is $111.06 and its 200-day simple moving average is $136.14. The company has a market cap of $104.78 billion, a P/E ratio of 35.42, a P/E/G ratio of 1.00 and a beta of 1.91. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

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

KKR & Co. Inc. Increases Dividend

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