Private Wealth Partners LLC Trims Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Private Wealth Partners LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 1.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 144,455 shares of the asset manager’s stock after selling 1,560 shares during the period. KKR & Co. Inc. comprises approximately 1.0% of Private Wealth Partners LLC’s portfolio, making the stock its 27th largest holding. Private Wealth Partners LLC’s holdings in KKR & Co. Inc. were worth $11,968,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of KKR. E&G Advisors LP lifted its position in KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after acquiring an additional 126 shares during the period. Cross Staff Investments Inc lifted its holdings in shares of 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 valued at $1,617,000 after buying an additional 130 shares during the period. Nordea Investment Management AB lifted its holdings in shares of KKR & Co. Inc. by 0.3% in the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after buying an additional 133 shares during the period. Marks Group Wealth Management Inc lifted its holdings in shares of KKR & Co. Inc. by 2.0% in the 4th quarter. Marks Group Wealth Management Inc now owns 7,480 shares of the asset manager’s stock valued at $620,000 after buying an additional 146 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of KKR & Co. Inc. by 1.2% in the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after buying an additional 168 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the acquisition, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the acquisition, the insider now 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. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KKR. JMP Securities lifted their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Barclays lifted their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley lifted their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Finally, Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.64.

KKR & Co. Inc. Stock Up 0.7 %

Shares of KKR & Co. Inc. stock traded up $0.67 during trading hours on Friday, reaching $95.54. 1,965,876 shares of the company were exchanged, compared to its average volume of 3,119,223. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The stock’s fifty day moving average is $97.58 and its 200 day moving average is $83.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $84.55 billion, a PE ratio of 23.42, a PEG ratio of 0.87 and a beta of 1.61.

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

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 16.18%.

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.