Vise Technologies Inc. Grows Stock Position in KKR & Co. Inc. (NYSE:KKR)

Vise Technologies Inc. increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 141.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,813 shares of the asset manager’s stock after purchasing an additional 4,579 shares during the quarter. Vise Technologies Inc.’s holdings in KKR & Co. Inc. were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert W. Scully purchased 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 completion of the transaction, the director now directly owns 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of several research reports. Morgan Stanley upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Citigroup dropped their target price 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. Bank of America dropped their target price on shares of 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 shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their target price for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. Finally, TD Cowen dropped their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Buy” and a consensus target price of $149.43.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $117.17 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $112.94 and a 200 day moving average price of $135.06. The company has a market cap of $104.36 billion, a P/E ratio of 35.19, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

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 analysts’ consensus estimates of $1.13 by $0.02. The firm 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 company’s revenue was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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