Lindbrook Capital LLC Acquires 493 Shares of KKR & Co. Inc. (NYSE:KKR)

Lindbrook Capital LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 63.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,264 shares of the asset manager’s stock after acquiring an additional 493 shares during the quarter. Lindbrook Capital LLC’s holdings in KKR & Co. Inc. were worth $105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. E&G Advisors LP lifted its stake 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 purchasing an additional 126 shares during the period. Nordea Investment Management AB increased its position in KKR & Co. Inc. by 0.3% during the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after buying an additional 133 shares in the last quarter. AE Wealth Management LLC raised its stake in KKR & Co. Inc. by 1.2% during the third quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after buying an additional 168 shares during the last quarter. Xponance Inc. raised its position in shares of KKR & Co. Inc. by 0.4% in the 4th quarter. Xponance Inc. now owns 40,823 shares of the asset manager’s stock worth $3,382,000 after purchasing an additional 170 shares during the last quarter. Finally, Cigna Investments Inc. New boosted its stake in KKR & Co. Inc. by 2.8% in the 4th quarter. Cigna Investments Inc. New now owns 7,006 shares of the asset manager’s stock worth $580,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the purchase, the insider now directly owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now directly owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction dated 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 company insiders.

KKR & Co. Inc. Stock Down 1.2 %

NYSE KKR opened at $96.77 on Thursday. The stock’s 50-day moving average price is $97.61 and its 200-day moving average price is $82.81. The company has a market capitalization of $85.64 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 0.90 and a beta of 1.61. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data 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 firm 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 research analysts predict that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 16.18%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KKR. TD Cowen lifted their target price on shares of KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Barclays upped their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. JMP Securities raised their price target 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. Finally, 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 report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target 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.