KKR & Co Inc Class A (KKR) Major Shareholder Fund Holdings L.P. Kkr Purchases 8,576 Shares

KKR & Co Inc Class A (NYSE:KKR) major shareholder Fund Holdings L.P. Kkr purchased 8,576 shares of KKR & Co Inc Class A stock in a transaction dated Friday, August 17th. The shares were purchased at an average cost of $13.98 per share, for a total transaction of $119,892.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fund Holdings L.P. Kkr also recently made the following trade(s):

  • On Monday, August 20th, Fund Holdings L.P. Kkr purchased 30,076 shares of KKR & Co Inc Class A stock. The shares were purchased at an average cost of $14.14 per share, for a total transaction of $425,274.64.
  • On Wednesday, August 15th, Fund Holdings L.P. Kkr purchased 25,773 shares of KKR & Co Inc Class A stock. The shares were purchased at an average cost of $13.50 per share, for a total transaction of $347,935.50.
  • On Monday, August 13th, Fund Holdings L.P. Kkr purchased 13,402 shares of KKR & Co Inc Class A stock. The shares were purchased at an average cost of $13.48 per share, for a total transaction of $180,658.96.
  • On Monday, August 6th, Fund Holdings L.P. Kkr sold 2,030,892 shares of KKR & Co Inc Class A stock. The stock was sold at an average price of $14.18, for a total transaction of $28,798,048.56.
  • On Thursday, August 2nd, Fund Holdings L.P. Kkr sold 1,742,007 shares of KKR & Co Inc Class A stock. The stock was sold at an average price of $38.26, for a total transaction of $66,649,187.82.
  • On Monday, July 30th, Fund Holdings L.P. Kkr sold 11,452,321 shares of KKR & Co Inc Class A stock. The stock was sold at an average price of $38.26, for a total transaction of $438,165,801.46.

KKR traded up $0.15 during trading on Monday, hitting $25.55. The company had a trading volume of 3,506,400 shares, compared to its average volume of 4,057,630. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87. KKR & Co Inc Class A has a one year low of $18.05 and a one year high of $27.95. The stock has a market capitalization of $13.50 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.31 and a beta of 1.67.

KKR & Co Inc Class A (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. KKR & Co Inc Class A had a net margin of 39.10% and a return on equity of 7.34%. The firm had revenue of $398.00 million for the quarter, compared to analyst estimates of $391.74 million. During the same period in the previous year, the business earned $0.81 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. equities research analysts predict that KKR & Co Inc Class A will post 1.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 21st. Shareholders of record on Monday, August 6th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 3rd. This represents a $0.68 annualized dividend and a yield of 2.66%. KKR & Co Inc Class A’s payout ratio is currently 28.57%.

A number of hedge funds have recently modified their holdings of KKR. BlackRock Inc. increased its stake in KKR & Co Inc Class A by 36.5% in the 4th quarter. BlackRock Inc. now owns 576,003 shares of the asset manager’s stock valued at $12,131,000 after buying an additional 153,967 shares during the last quarter. Alps Advisors Inc. increased its stake in KKR & Co Inc Class A by 17.1% in the 1st quarter. Alps Advisors Inc. now owns 392,200 shares of the asset manager’s stock valued at $7,963,000 after buying an additional 57,400 shares during the last quarter. Forward Management LLC acquired a new stake in KKR & Co Inc Class A in the 1st quarter valued at $548,000. Stephens Inc. AR increased its stake in KKR & Co Inc Class A by 14.2% in the 1st quarter. Stephens Inc. AR now owns 334,477 shares of the asset manager’s stock valued at $6,790,000 after buying an additional 41,644 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in KKR & Co Inc Class A by 4.0% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 91,788 shares of the asset manager’s stock valued at $1,862,000 after buying an additional 3,488 shares during the last quarter. Hedge funds and other institutional investors own 62.00% of the company’s stock.

KKR has been the topic of several research reports. JMP Securities boosted their price objective on shares of KKR & Co Inc Class A from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Deutsche Bank boosted their price objective on shares of KKR & Co Inc Class A from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, July 10th. Morgan Stanley boosted their price objective on shares of KKR & Co Inc Class A from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, July 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $32.00 price objective on shares of KKR & Co Inc Class A in a research report on Friday, July 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $35.00 price objective on shares of KKR & Co Inc Class A in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $29.75.

KKR & Co Inc Class A 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, and middle market investments.

Read More: Why Dividend Stocks May Be Right for You

Insider Buying and Selling by Quarter for KKR & Co Inc Class A (NYSE:KKR)

Receive News & Ratings for KKR & Co Inc Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co Inc Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply