Nissay Asset Management Corp Japan ADV purchased a new stake in KKR & Co Inc (NYSE:KKR) in the first quarter, Holdings Channel reports. The institutional investor purchased 35,029 shares of the asset manager’s stock, valued at approximately $823,000.

A number of other large investors also recently made changes to their positions in the business. Focused Wealth Management Inc raised its stake in shares of KKR & Co Inc by 1.0% during the 4th quarter. Focused Wealth Management Inc now owns 63,083 shares of the asset manager’s stock worth $1,238,000 after buying an additional 645 shares during the period. Rothschild Investment Corp IL increased its position in shares of KKR & Co Inc by 1.4% during the fourth quarter. Rothschild Investment Corp IL now owns 50,365 shares of the asset manager’s stock worth $989,000 after purchasing an additional 672 shares in the last quarter. Keybank National Association OH increased its position in shares of KKR & Co Inc by 2.8% during the fourth quarter. Keybank National Association OH now owns 25,041 shares of the asset manager’s stock worth $492,000 after purchasing an additional 677 shares in the last quarter. SOL Capital Management CO increased its position in shares of KKR & Co Inc by 0.4% during the first quarter. SOL Capital Management CO now owns 165,475 shares of the asset manager’s stock worth $3,887,000 after purchasing an additional 700 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. increased its position in shares of KKR & Co Inc by 1.4% during the first quarter. Pinnacle Financial Partners Inc. now owns 61,877 shares of the asset manager’s stock worth $1,454,000 after purchasing an additional 877 shares in the last quarter. 73.99% of the stock is owned by institutional investors.

Shares of NYSE:KKR opened at $24.50 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 7.11 and a beta of 1.66. KKR & Co Inc has a 52-week low of $18.30 and a 52-week high of $28.73.

KKR & Co Inc (NYSE:KKR) last issued its earnings results on Tuesday, April 30th. The asset manager reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The company had revenue of $397.26 million during the quarter, compared to analysts’ expectations of $370.51 million. KKR & Co Inc had a return on equity of 6.29% and a net margin of 48.08%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. As a group, equities analysts expect that KKR & Co Inc will post 1.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co Inc’s payout ratio is currently 25.91%.

Several brokerages recently commented on KKR. Zacks Investment Research upgraded KKR & Co Inc from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, March 21st. Credit Suisse Group cut KKR & Co Inc from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Finally, Sanford C. Bernstein cut KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $29.85.

In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $24.15, for a total value of $2,415,000.00. Following the completion of the sale, the general counsel now directly owns 107,072 shares in the company, valued at approximately $2,585,788.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 39.34% of the stock is owned by corporate insiders.

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KKR & Co Inc Company Profile

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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