RFG Advisory LLC Purchases Shares of 2,504 KKR & Co. Inc. (NYSE:KKR)

RFG Advisory LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,504 shares of the asset manager’s stock, valued at approximately $207,000.

A number of other hedge funds also recently bought and sold shares of KKR. E&G Advisors LP raised its position in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after acquiring an additional 126 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $14,838,000. Strategic Blueprint LLC raised its position in shares of KKR & Co. Inc. by 2.5% during the 4th quarter. Strategic Blueprint LLC now owns 63,406 shares of the asset manager’s stock worth $5,253,000 after acquiring an additional 1,531 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of KKR & Co. Inc. by 952.0% during the 4th quarter. Valley National Advisers Inc. now owns 789 shares of the asset manager’s stock worth $65,000 after acquiring an additional 714 shares in the last quarter. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $319,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KKR shares. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Barclays raised their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. TD Cowen raised their price target on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley raised their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, JMP Securities raised their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $90.64.

KKR & Co. Inc. Stock Down 3.1 %

KKR opened at $97.29 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The business has a 50 day simple moving average of $97.56 and a 200-day simple moving average of $80.90. The stock has a market capitalization of $86.10 billion, a P/E ratio of 23.85, a P/E/G ratio of 0.90 and a beta of 1.61. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month 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, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. On average, equities analysts anticipate that KKR & Co. Inc. will post 4.28 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.68%. KKR & Co. Inc.’s dividend payout ratio is presently 16.18%.

Insider Buying and Selling

In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Company 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.