Kkr Alternative Assets Llc Purchases 1,956,182 Shares of KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKRGet Free Report) major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Kkr Alternative Assets Llc also recently made the following trade(s):

  • On Tuesday, March 26th, Kkr Alternative Assets Llc acquired 571,429 shares of KKR & Co. Inc. stock. The shares were purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00.
  • On Wednesday, March 13th, Kkr Alternative Assets Llc bought 286,402 shares of KKR & Co. Inc. stock. The stock was purchased at an average price of $24.94 per share, with a total value of $7,142,865.88.

KKR & Co. Inc. Trading Down 1.5 %

KKR & Co. Inc. stock opened at $97.99 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $86.96 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.90 and a beta of 1.63. The stock has a 50-day moving average of $100.00 and a two-hundred day moving average of $91.78. KKR & Co. Inc. has a one year low of $52.95 and a one year high of $108.00.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The company had revenue of $986.51 million for the quarter, compared to analysts’ expectations of $989.14 million. On average, research analysts anticipate that KKR & Co. Inc. will post 4.06 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a $0.175 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KKR shares. Jefferies Financial Group cut their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. StockNews.com lowered shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Barclays increased their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, JMP Securities increased their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.50.

View Our Latest Research Report on KKR & Co. Inc.

Institutional Trading of KKR & Co. Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Whittier Trust Co. grew its position in KKR & Co. Inc. by 4.5% during the 1st quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after purchasing an additional 103 shares during the period. CWA Asset Management Group LLC grew its holdings in KKR & Co. Inc. by 0.9% during the fourth quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock worth $1,020,000 after acquiring an additional 114 shares during the period. E&G Advisors LP raised its position in KKR & Co. Inc. by 1.5% during the fourth 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 in the last quarter. Montag A & Associates Inc. lifted its holdings in KKR & Co. Inc. by 4.8% in the fourth quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager’s stock valued at $232,000 after acquiring an additional 128 shares during the period. Finally, Cross Staff Investments Inc boosted its position in KKR & Co. Inc. by 0.7% in the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock worth $1,617,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

About KKR & Co. Inc.

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for KKR & Co. Inc. (NYSE:KKR)

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