KKR & Co. Inc. (NYSE:KKR) Stock Holdings Increased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 35.6% in the first quarter, HoldingsChannel reports. The fund owned 16,517 shares of the asset manager’s stock after buying an additional 4,333 shares during the period. Harbor Capital Advisors Inc.’s holdings in KKR & Co. Inc. were worth $1,910,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $50,199,000. Arete Wealth Advisors LLC raised its position in shares of KKR & Co. Inc. by 44.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager’s stock worth $1,321,000 after buying an additional 2,749 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of KKR & Co. Inc. by 50.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock worth $16,889,000 after acquiring an additional 38,524 shares during the period. Finally, Systematic Alpha Investments LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $423,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 1.6%

KKR & Co. Inc. stock opened at $126.00 on Thursday. 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 firm has a market capitalization of $112.22 billion, a price-to-earnings ratio of 37.84, a P/E/G ratio of 1.00 and a beta of 1.89. The company has a 50 day moving average price of $114.68 and a 200 day moving average price of $132.25.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm posted $0.97 earnings per share. KKR & Co. Inc.’s revenue was down 67.8% compared to the same quarter last year. Research analysts forecast 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 was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the company’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 transaction, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the sale, the chairman now directly owns 73,006,022 shares of the company’s stock, valued at $8,882,642,696.74. This trade represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,471,488 shares of company stock valued at $501,529,092 in the last 90 days. 39.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KKR shares. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, May 23rd. Bank of America dropped their price target 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. HSBC raised shares of 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 raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods lifted their price target 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. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Buy” and an average target price of $149.43.

KKR & Co. Inc. 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.