NewEdge Wealth LLC Purchases 430 Shares of KKR & Co. Inc. (NYSE:KKR)

NewEdge Wealth LLC increased its position in KKR & Co. Inc. (NYSE:KKR) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,860 shares of the asset manager’s stock after acquiring an additional 430 shares during the period. NewEdge Wealth LLC’s holdings in KKR & Co. Inc. were worth $568,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KKR. T. Rowe Price Investment Management Inc. boosted its position in KKR & Co. Inc. by 54.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock worth $1,209,457,000 after purchasing an additional 9,192,928 shares during the last quarter. Norges Bank purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $258,688,000. Wellington Management Group LLP grew its position in KKR & Co. Inc. by 297.0% during the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock valued at $312,469,000 after buying an additional 3,794,837 shares during the period. Renaissance Technologies LLC purchased a new stake in KKR & Co. Inc. during the first quarter valued at approximately $135,437,000. Finally, Samlyn Capital LLC bought a new position in KKR & Co. Inc. in the first quarter worth approximately $104,737,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. 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 filing with the SEC, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost 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 in the company, valued at approximately $25,017,175. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

KKR stock opened at $96.28 on Wednesday. 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 company’s fifty day moving average price is $97.76 and its 200-day moving average price is $81.51. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The company has a market capitalization of $85.21 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61.

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

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.69%. KKR & Co. Inc.’s dividend payout ratio is currently 16.18%.

Analyst Upgrades and Downgrades

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

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.