3,074 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,074 shares of the asset manager’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LBP AM SA grew its stake in KKR & Co. Inc. by 38.5% in the 1st quarter. LBP AM SA now owns 9,228 shares of the asset manager’s stock worth $928,000 after buying an additional 2,565 shares in the last quarter. Comerica Bank boosted its stake in shares of KKR & Co. Inc. by 17.6% in the 1st quarter. Comerica Bank now owns 35,249 shares of the asset manager’s stock valued at $3,545,000 after purchasing an additional 5,271 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of KKR & Co. Inc. by 0.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 19,786 shares of the asset manager’s stock valued at $1,990,000 after purchasing an additional 186 shares in the last quarter. Sweeney & Michel LLC purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at $483,000. Finally, Paloma Partners Management Co purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at $350,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 9.3 %

Shares of KKR & Co. Inc. stock opened at $108.59 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The company has a 50-day moving average of $109.59 and a 200 day moving average of $100.88. The firm has a market cap of $96.36 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.07 and a beta of 1.62. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm 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 17.99% and a return on equity of 5.05%. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, August 12th. KKR & Co. Inc.’s payout ratio is presently 15.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KKR. Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays increased their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group dropped 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 research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.00.

Insider Activity

In related 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 purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the acquisition, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, the insider now owns 9,688,618 shares in the company, valued at $247,641,076.08. The disclosure for this purchase can be found here. Insiders have sold a total of 37,554,644 shares of company stock valued at $1,725,355,039 in the last 90 days. 39.34% of the stock is currently owned by insiders.

About KKR & Co. Inc.

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.