Canandaigua National Bank & Trust Co. Purchases 975 Shares of KKR & Co. Inc. (NYSE:KKR)

Canandaigua National Bank & Trust Co. increased its position in KKR & Co. Inc. (NYSE:KKR) by 13.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 8,359 shares of the asset manager’s stock after buying an additional 975 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in KKR & Co. Inc. were worth $966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $50,199,000. Arete Wealth Advisors LLC increased its position in KKR & Co. Inc. by 44.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager’s stock worth $1,321,000 after buying an additional 2,749 shares during the period. Jupiter Asset Management Ltd. increased its position in KKR & Co. Inc. by 50.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock worth $16,889,000 after buying an additional 38,524 shares during the period. Finally, Systematic Alpha Investments LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $423,000. Institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 35,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director directly owned 185,000 shares in the company, valued at approximately $21,815,200. This represents a 23.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $133.24 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a 50 day simple moving average of $120.94 and a 200 day simple moving average of $129.01. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market cap of $118.67 billion, a P/E ratio of 56.22, a P/E/G ratio of 1.49 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business posted $0.97 EPS. The company’s quarterly revenue was down 67.8% compared to the same quarter last year. Sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a $0.185 dividend. This represents a yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KKR shares. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. Citigroup cut their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $149.47.

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.