International Assets Investment Management LLC Has $338,000 Position in KKR & Co. Inc. (NYSE:KKR)

International Assets Investment Management LLC raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 21.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,927 shares of the asset manager’s stock after buying an additional 507 shares during the period. International Assets Investment Management LLC’s holdings in KKR & Co. Inc. were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. McIlrath & Eck LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $26,000. Mascagni Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. boosted its position in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after buying an additional 272 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the transaction, the insider now directly owns 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Scully acquired 13,250 shares of the company’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 purchase, the director now directly owns 13,250 shares of the company’s stock, valued at $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 8,471,488 shares of company stock worth $501,529,092 over the last ninety days. Company insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. TD Cowen reduced their target price 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. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. One investment 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 company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $149.43.

KKR & Co. Inc. Stock Up 2.0%

KKR opened at $134.52 on Friday. The company has a 50 day moving average of $120.23 and a 200 day moving average of $129.53. The company has a market cap of $119.81 billion, a PE ratio of 56.76, a price-to-earnings-growth ratio of 1.47 and a beta of 1.89. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly 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 analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business’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 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.185 per share. This represents a yield of 0.64%. The ex-dividend date was Monday, May 12th. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s payout ratio is presently 31.22%.

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.