Northwestern Mutual Wealth Management Co. increased its position in KKR & Co Inc (NYSE:KKR) by 29.0% in the first quarter, reports. The fund owned 2,212 shares of the asset manager’s stock after acquiring an additional 497 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in KKR & Co Inc were worth $52,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KKR. Legacy Advisors LLC purchased a new stake in KKR & Co Inc in the first quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in KKR & Co Inc in the first quarter valued at approximately $49,000. Arrow Financial Corp purchased a new stake in KKR & Co Inc in the first quarter valued at approximately $49,000. Signaturefd LLC raised its stake in KKR & Co Inc by 1,541.3% in the first quarter. Signaturefd LLC now owns 2,462 shares of the asset manager’s stock valued at $58,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in KKR & Co Inc in the fourth quarter valued at approximately $83,000. Institutional investors own 76.52% of the company’s stock.

KKR stock opened at $23.79 on Friday. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 6.85 and a beta of 1.63. KKR & Co Inc has a one year low of $18.30 and a one year high of $28.73. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87.

KKR & Co Inc (NYSE:KKR) last posted its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The firm had revenue of $397.26 million for the quarter, compared to the consensus estimate of $370.51 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.29%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, analysts anticipate that KKR & Co Inc will post 1.69 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co Inc’s payout ratio is 25.91%.

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

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group downgraded shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research note on Tuesday, May 21st. Sanford C. Bernstein downgraded shares of KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 2nd. Finally, Zacks Investment Research downgraded shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $29.78.

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About KKR & Co Inc

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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