Van ECK Associates Corp Buys 4,409 Shares of KKR & Co. Inc. (NYSE:KKR)

Van ECK Associates Corp grew its stake in shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) by 37.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,271 shares of the asset manager’s stock after buying an additional 4,409 shares during the quarter. Van ECK Associates Corp’s holdings in KKR & Co. Inc. were worth $755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CVA Family Office LLC grew its stake in shares of KKR & Co. Inc. by 56.8% in the third quarter. CVA Family Office LLC now owns 580 shares of the asset manager’s stock worth $25,000 after purchasing an additional 210 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of KKR & Co. Inc. by 42.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 719 shares of the asset manager’s stock worth $33,000 after purchasing an additional 216 shares during the last quarter. Toroso Investments LLC grew its stake in shares of KKR & Co. Inc. by 1.8% in the third quarter. Toroso Investments LLC now owns 13,698 shares of the asset manager’s stock worth $589,000 after purchasing an additional 239 shares during the last quarter. Avitas Wealth Management LLC grew its stake in shares of KKR & Co. Inc. by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 35,872 shares of the asset manager’s stock worth $1,665,000 after purchasing an additional 247 shares during the last quarter. Finally, Curbstone Financial Management Corp grew its stake in shares of KKR & Co. Inc. by 0.5% in the fourth quarter. Curbstone Financial Management Corp now owns 50,748 shares of the asset manager’s stock worth $2,356,000 after purchasing an additional 248 shares during the last quarter. 53.85% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR stock opened at $48.49 on Monday. The firm has a 50 day moving average price of $51.25 and a 200-day moving average price of $51.85. KKR & Co. Inc. has a 52-week low of $41.77 and a 52-week high of $60.53. The firm has a market capitalization of $41.76 billion, a price-to-earnings ratio of -55.10, a PEG ratio of 3.26 and a beta of 1.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR – Get Rating) last released its earnings results on Monday, May 8th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. KKR & Co. Inc. had a negative net margin of 5.67% and a positive return on equity of 4.97%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $1.10 earnings per share. The business’s revenue was up 212.9% on a year-over-year basis. Equities research analysts forecast that KKR & Co. Inc. will post 3.29 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Monday, May 22nd will be issued a $0.165 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, May 19th. KKR & Co. Inc.’s payout ratio is presently -70.45%.

Insider Buying and Selling

In related news, insider David Sorkin sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $55.44, for a total value of $2,217,600.00. Following the completion of the transaction, the insider now directly owns 1,434,144 shares in the company, valued at approximately $79,508,943.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other KKR & Co. Inc. news, insider David Sorkin sold 40,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $55.44, for a total value of $2,217,600.00. Following the completion of the sale, the insider now owns 1,434,144 shares of the company’s stock, valued at approximately $79,508,943.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $38.83, for a total transaction of $295,108,000.00. Following the completion of the sale, the insider now directly owns 37 shares of the company’s stock, valued at approximately $1,436.71. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Analyst Ratings Changes

KKR has been the topic of several recent analyst reports. The Goldman Sachs Group raised their target price on KKR & Co. Inc. from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $59.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $67.00 to $70.00 in a report on Wednesday, February 8th. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, April 19th. Finally, Barclays lowered their price objective on shares of KKR & Co. Inc. from $63.00 to $60.00 in a report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.12.

About KKR & Co. Inc.

(Get Rating)

KKR & Co, Inc engages in the provision of investment and private equity asset management services. The firm manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management and Insurance segments.