PenderFund Capital Management Ltd. Sells 14,040 Shares of KKR & Co. Inc. (NYSE:KKR)

PenderFund Capital Management Ltd. trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR) by 19.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 57,020 shares of the asset manager’s stock after selling 14,040 shares during the quarter. KKR & Co. Inc. makes up 0.0% of PenderFund Capital Management Ltd.’s holdings, making the stock its 17th largest holding. PenderFund Capital Management Ltd.’s holdings in KKR & Co. Inc. were worth $4,724,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $30,000. Missouri Trust & Investment Co grew its position in 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 buying an additional 368 shares during the period. First United Bank & Trust purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $41,000. Finally, Naples Money Management LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $110.22 on Wednesday. The company has a market capitalization of $97.81 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 0.94 and a beta of 1.63. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 12-month low of $52.95 and a 12-month high of $110.72. The business’s fifty day simple moving average is $100.42 and its 200-day simple moving average is $92.69.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The business had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. On average, equities research analysts anticipate that KKR & Co. Inc. will post 4.06 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s payout ratio is 15.70%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now 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 SEC, which is available through this link. Also, 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 shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the sale, the insider now directly owns 366,567 shares in the company, valued at $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KKR shares. 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 report on Thursday, May 2nd. JMP Securities upped their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Barclays increased their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their target price 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. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.57.

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.