KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,858 shares of the asset manager’s stock after buying an additional 421 shares during the period. Sawgrass Asset Management LLC’s holdings in KKR & Co. Inc. were worth $734,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. increased its position in KKR & Co. Inc. by 197.2% during 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 in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. NBC Securities Inc. purchased a new position in shares of KKR & Co. Inc. during the third quarter valued at approximately $43,000. Naples Money Management LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $43,000. Finally, CVA Family Office LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $48,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. StockNews.com raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. JMP Securities raised their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Barclays raised their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was bought 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 approximately $10,705,719.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 1.3 %

Shares of NYSE:KKR traded up $1.31 during midday trading on Tuesday, hitting $99.56. 4,596,598 shares of the company’s stock traded hands, compared to its average volume of 3,549,644. The firm’s fifty day moving average price is $97.73 and its two-hundred day moving average price is $85.27. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48. The company has a market cap of $88.11 billion, a PE ratio of 22.32, a P/E/G ratio of 0.81 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $995.64 million. On average, equities research analysts anticipate that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a dividend of $0.175 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 14.80%.

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.