1,272 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Steph & Co.

Steph & Co. purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,272 shares of the asset manager’s stock, valued at approximately $105,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $30,000. Quarry LP raised its stake in KKR & Co. Inc. by 95.3% during the second quarter. Quarry LP now owns 459 shares of the asset manager’s stock worth $26,000 after purchasing an additional 224 shares during the period. CVA Family Office LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $48,000. Finally, Washington Trust Advisors Inc. raised its stake in shares of KKR & Co. Inc. by 258.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 452 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the acquisition, the insider now directly owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Trading Down 1.7 %

Shares of KKR stock opened at $94.63 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $83.75 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 0.88 and a beta of 1.61. The company has a 50 day moving average price of $97.76 and a 200 day moving average price of $81.60. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. Equities research analysts predict that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.70%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 16.18%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KKR shares. Morgan Stanley boosted their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. JMP Securities boosted their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Barclays boosted their price target on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, TD Cowen boosted their price target on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

KKR & Co. Inc. Profile

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.