River Global Investors LLP Has $1.23 Million Position in KKR & Co. Inc. (NYSE:KKR)

River Global Investors LLP trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,859 shares of the asset manager’s stock after selling 130 shares during the period. River Global Investors LLP’s holdings in KKR & Co. Inc. were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in 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 period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $30,000. NBC Securities Inc. bought a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $43,000. Naples Money Management LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $43,000. Finally, CVA Family Office LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $48,000. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. TD Cowen lowered their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. JMP Securities boosted their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $91.00.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $2.12 during midday trading on Friday, reaching $95.01. 5,831,690 shares of the company were exchanged, compared to its average volume of 3,719,035. The stock’s 50-day moving average price is $97.61 and its 200-day moving average price is $84.65. The stock has a market cap of $84.08 billion, a P/E ratio of 21.30, a PEG ratio of 0.88 and a beta of 1.62. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.45% and a net margin of 19.38%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.15 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.175 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, May 10th. KKR & Co. Inc.’s payout ratio is 14.80%.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the transaction, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Company 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.