Allspring Global Investments Holdings LLC Has $364,000 Stock Position in KKR & Co. Inc. (NYSE:KKR)

Allspring Global Investments Holdings LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6,563.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,398 shares of the asset manager’s stock after acquiring an additional 4,332 shares during the period. Allspring Global Investments Holdings LLC’s holdings in KKR & Co. Inc. were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KKR. Blue Trust Inc. increased its stake in KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares during the last quarter. NBC Securities Inc. bought a new position in KKR & Co. Inc. in the third quarter valued at approximately $43,000. CVA Family Office LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $48,000. Washington Trust Advisors Inc. grew its stake in shares of KKR & Co. Inc. by 258.3% during the fourth quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager’s stock worth $52,000 after buying an additional 452 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $53,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.7 %

KKR opened at $95.54 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. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48. The firm has a market capitalization of $84.55 billion, a PE ratio of 23.42, a P/E/G ratio of 0.89 and a beta of 1.61. The company’s 50-day moving average is $97.58 and its 200 day moving average is $83.13.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. As a group, research analysts predict that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KKR. TD Cowen boosted 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. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays boosted their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company boosted 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 note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.