468 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Crewe Advisors LLC

Crewe Advisors LLC purchased a new position in KKR & Co. Inc. (NYSE:KKR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 468 shares of the asset manager’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Riverview Trust Co bought a new position in shares of KKR & Co. Inc. during the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $30,000. Missouri Trust & Investment Co grew its position in shares of KKR & Co. Inc. by 408.9% during the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 368 shares in the last quarter. Finally, First United Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $41,000. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the completion of the sale, 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. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 2.0 %

Shares of KKR stock traded up $2.36 on Friday, hitting $119.07. The stock had a trading volume of 548,672 shares, compared to its average volume of 4,916,171. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $119.86. The business has a 50 day moving average price of $108.05 and a 200 day moving average price of $99.37. The company has a market cap of $105.66 billion, a PE ratio of 26.17, a P/E/G ratio of 1.03 and a beta of 1.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last posted 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). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The business had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. Research analysts anticipate that KKR & Co. Inc. will post 3.96 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. Shareholders of record on Monday, May 13th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KKR. JMP Securities raised their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. TD Cowen cut their target price on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating for the company in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Barclays lifted their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group lowered their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. One research 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.20.

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.