3,162 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Masso Torrence Wealth Management Inc.

Masso Torrence Wealth Management Inc. purchased a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,162 shares of the asset manager’s stock, valued at approximately $262,000.

Other institutional investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $207,000. AE Wealth Management LLC increased its stake in KKR & Co. Inc. by 1.2% during the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after purchasing an additional 168 shares in the last quarter. Global Retirement Partners LLC increased its stake in KKR & Co. Inc. by 14.2% during the 3rd quarter. Global Retirement Partners LLC now owns 1,812 shares of the asset manager’s stock valued at $108,000 after purchasing an additional 226 shares in the last quarter. HB Wealth Management LLC increased its stake in KKR & Co. Inc. by 4.9% during the 3rd quarter. HB Wealth Management LLC now owns 6,050 shares of the asset manager’s stock valued at $373,000 after purchasing an additional 284 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $493,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

NYSE KKR traded up $3.33 on Tuesday, reaching $97.80. 1,934,705 shares of the stock were exchanged, compared to its average volume of 3,436,214. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The firm has a market capitalization of $86.55 billion, a PE ratio of 23.16, a PEG ratio of 0.85 and a beta of 1.61. The company’s 50-day simple moving average is $97.55 and its two-hundred day simple moving average is $82.46. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 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 company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. Analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is 16.18%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target 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. 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. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. TD Cowen raised their price target on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Morgan Stanley raised their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.64.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Profile

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.