Sapient Capital LLC Buys New Position in KKR & Co. Inc. (NYSE:KKR)

Sapient Capital LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,094 shares of the asset manager’s stock, valued at approximately $256,000.

Several other large investors have also modified their holdings of the company. E&G Advisors LP increased its holdings in shares of KKR & Co. Inc. by 1.5% in the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock valued at $723,000 after acquiring an additional 126 shares during the period. Nordea Investment Management AB increased its stake in KKR & Co. Inc. by 0.3% in the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after purchasing an additional 133 shares during the period. AE Wealth Management LLC increased its stake in KKR & Co. Inc. by 1.2% in the third quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after purchasing an additional 168 shares during the period. Cigna Investments Inc. New raised its holdings in shares of KKR & Co. Inc. by 2.8% in the fourth quarter. Cigna Investments Inc. New now owns 7,006 shares of the asset manager’s stock valued at $580,000 after buying an additional 192 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 0.7% during the third quarter. Aaron Wealth Advisors LLC now owns 26,861 shares of the asset manager’s stock worth $1,655,000 after buying an additional 198 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on KKR shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. TD Cowen upped their price target on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley lifted their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, JMP Securities lifted their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.64.

KKR & Co. Inc. Stock Performance

KKR opened at $95.84 on Tuesday. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48. The stock has a market cap of $84.82 billion, a P/E ratio of 23.49, a P/E/G ratio of 0.87 and a beta of 1.61. The stock’s 50 day simple moving average is $97.71 and its 200 day simple moving average is $81.27. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.28 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.69%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 16.18%.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction on Tuesday, March 26th. The shares were 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 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.

About KKR & Co. Inc.

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.