Vident Advisory LLC Buys 316,423 Shares of KKR & Co. Inc. (NYSE:KKR)

Vident Advisory LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 2,631.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 328,446 shares of the asset manager’s stock after purchasing an additional 316,423 shares during the quarter. KKR & Co. Inc. comprises about 0.9% of Vident Advisory LLC’s holdings, making the stock its 19th biggest position. Vident Advisory LLC’s holdings in KKR & Co. Inc. were worth $48,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KKR. Brookstone Capital Management purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $335,000. Tallon Kerry Patrick purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $207,000. Ritholtz Wealth Management grew its position in shares of KKR & Co. Inc. by 28.1% during the fourth quarter. Ritholtz Wealth Management now owns 2,878 shares of the asset manager’s stock worth $426,000 after purchasing an additional 631 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after purchasing an additional 73 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in shares of KKR & Co. Inc. by 358.4% during the fourth quarter. Merit Financial Group LLC now owns 26,713 shares of the asset manager’s stock worth $3,951,000 after purchasing an additional 20,885 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction 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 approximately $634,841,604.16. This trade represents a 23.75% 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, Director Robert W. Scully purchased 13,250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $125.87 on Monday. The firm has a market capitalization of $112.10 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The business has a 50 day simple moving average of $112.21 and a 200-day simple moving average of $135.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data 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 business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company’s revenue for the quarter was down 67.8% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. Equities analysts forecast 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 will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.22%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Bank of America cut their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a report on Friday, April 4th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and cut their price target for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. Hsbc Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, TD Cowen cut their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. One investment 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 stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Buy” and an average target price of $149.14.

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.