Wedmont Private Capital bought a new position in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,263 shares of the asset manager’s stock, valued at approximately $227,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital International Investors lifted its position in shares of KKR & Co. Inc. by 1.9% during the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock worth $3,546,708,000 after buying an additional 805,122 shares during the period. Vanguard Group Inc. lifted its position in shares of KKR & Co. Inc. by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after buying an additional 1,728,782 shares during the period. Wellington Management Group LLP lifted its position in shares of KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of KKR & Co. Inc. by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock worth $845,324,000 after buying an additional 365,449 shares during the period. Finally, Norges Bank bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $649,798,000. Institutional investors own 76.26% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on KKR. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Barclays lifted their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $116.00 price objective on shares of KKR & Co. Inc. in a research report on Friday. Finally, JMP Securities lifted their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.43.
View Our Latest Research Report on KKR
Insider Buying and Selling
In related news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the purchase, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the acquisition, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.
KKR & Co. Inc. Stock Down 1.1 %
NYSE KKR opened at $108.82 on Friday. The stock has a fifty day moving average of $102.08 and a 200-day moving average of $94.60. The stock has a market capitalization of $96.57 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63. KKR & Co. Inc. has a 52 week low of $52.95 and a 52 week high of $113.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). The firm had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. On average, equities research analysts forecast that KKR & Co. Inc. will post 4.04 EPS for the current year.
KKR & Co. Inc. Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 10th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.64%. KKR & Co. Inc.’s payout ratio is 15.70%.
About KKR & Co. Inc.
KKR & Co Inc 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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