Morningstar Investment Services LLC Invests $315,000 in KKR & Co. Inc. (NYSE:KKR)

Morningstar Investment Services LLC bought a new stake in shares of KKR & Co. Inc. (NYSE:KKRFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,768 shares of the asset manager’s stock, valued at approximately $315,000.

Other institutional investors have also recently made changes to their positions in the company. Baldwin Investment Management LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $373,000. Cibc World Markets Corp bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $1,327,000. Capital International Investors raised its holdings in KKR & Co. Inc. by 1.9% during the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock valued at $3,546,708,000 after buying an additional 805,122 shares during the period. Spinecap SAS bought a new stake in KKR & Co. Inc. in the fourth quarter worth $14,914,000. Finally, Belpointe Asset Management LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth $263,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost 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 $25,017,175. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. In the last three months, insiders have purchased 2,814,013 shares of company stock worth $71,428,603 and have sold 48,800,000 shares worth $1,813,406,000. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 1.5 %

NYSE:KKR opened at $97.99 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1-year low of $52.95 and a 1-year high of $108.00. The company has a 50-day moving average of $100.00 and a 200 day moving average of $91.95. The firm has a market cap of $86.96 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.85 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last announced its quarterly 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 business had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. As a group, research analysts anticipate that KKR & Co. Inc. will post 4.06 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, May 10th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KKR. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. TD Cowen cut their target price on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Barclays increased their price target on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $94.50.

Read Our Latest Stock Analysis on KKR & Co. Inc.

KKR & Co. Inc. Profile

(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.

See Also

Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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