KKR & Co. Inc. (NYSE:KKR) Holdings Lifted by TIAA Trust National Association

TIAA Trust National Association grew its position in KKR & Co. Inc. (NYSE:KKR) by 61.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 165,895 shares of the asset manager’s stock after purchasing an additional 62,941 shares during the period. TIAA Trust National Association’s holdings in KKR & Co. Inc. were worth $16,686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the last quarter. Riverview Trust Co bought a new position in shares of KKR & Co. Inc. in the first quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Missouri Trust & Investment Co boosted its holdings in shares of KKR & Co. Inc. by 408.9% in the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 368 shares in the last quarter. Finally, First United Bank & Trust bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $41,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the purchase, the insider now owns 9,688,618 shares in the company, valued at $247,641,076.08. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the purchase, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction 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 transaction, the insider now owns 366,567 shares in the company, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KKR. Evercore ISI increased their price objective on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $116.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Barclays increased their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $101.20.

KKR & Co. Inc. Trading Up 0.2 %

Shares of NYSE:KKR traded up $0.24 during mid-day trading on Friday, hitting $115.15. The stock had a trading volume of 2,826,651 shares, compared to its average volume of 11,318,865. 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 company has a market cap of $102.18 billion, a PE ratio of 25.82, a P/E/G ratio of 1.03 and a beta of 1.62. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $117.07. The company’s 50 day moving average is $106.97 and its 200-day moving average is $98.47.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly 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 firm had revenue of $986.51 million during the quarter, compared to analysts’ expectations 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 predict that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, May 10th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

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.