Connectus Wealth LLC Buys New Holdings in KKR & Co. Inc. (NYSE:KKR)

Connectus Wealth LLC bought a new stake in KKR & Co. Inc. (NYSE:KKRFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,289 shares of the asset manager’s stock, valued at approximately $853,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $3,932,000. CenterBook Partners LP boosted its holdings in KKR & Co. Inc. by 116.2% in the fourth quarter. CenterBook Partners LP now owns 30,433 shares of the asset manager’s stock valued at $2,521,000 after acquiring an additional 16,358 shares during the last quarter. Vinva Investment Management Ltd boosted its holdings in KKR & Co. Inc. by 56.4% in the fourth quarter. Vinva Investment Management Ltd now owns 18,088 shares of the asset manager’s stock valued at $1,512,000 after acquiring an additional 6,521 shares during the last quarter. Morningstar Investment Services LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $315,000. Finally, Baldwin Investment Management LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $373,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 11.2 %

Shares of KKR & Co. Inc. stock opened at $108.95 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The firm has a market cap of $96.68 billion, a P/E ratio of 24.43, a P/E/G ratio of 0.85 and a beta of 1.63. KKR & Co. Inc. has a fifty-two week low of $52.95 and a fifty-two week high of $110.72. The business has a 50-day moving average price of $100.18 and a 200 day moving average price of $92.40.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). The company had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.06 earnings per share 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. Stockholders of record on Monday, May 13th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Analysts Set New Price Targets

A number of research analysts have commented on KKR shares. Keefe, Bruyette & Woods restated an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Jefferies Financial Group reduced their price objective 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. JMP Securities boosted their price objective on 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. Finally, Barclays boosted their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.50.

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

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the completion of the transaction, the insider now directly owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the transaction, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the transaction, the insider now owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 2,814,013 shares of company stock valued at $71,428,603. 39.34% of the stock is currently owned by insiders.

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.

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

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