Centaurus Financial Inc. Buys Shares of 1,433 KKR & Co. Inc. (NYSE:KKR)

Centaurus Financial Inc. bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,433 shares of the asset manager’s stock, valued at approximately $119,000.

A number of other hedge funds also recently added to or reduced their stakes in KKR. Norges Bank bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $649,798,000. Winslow Capital Management LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $344,354,000. Wellington Management Group LLP raised its stake in shares of KKR & Co. Inc. by 297.0% during the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock valued at $312,469,000 after purchasing an additional 3,794,837 shares in the last quarter. Bain Capital Public Equity Management II LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $68,286,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of KKR & Co. Inc. by 104.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,591,477 shares of the asset manager’s stock valued at $131,855,000 after purchasing an additional 811,828 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Finally, Barclays lifted their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. One equities 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.57.

KKR & Co. Inc. Trading Up 0.3 %

Shares of KKR opened at $110.48 on Thursday. The business’s 50-day moving average price is $101.65 and its 200 day moving average price is $94.12. The stock has a market capitalization of $98.04 billion, a P/E ratio of 24.77, a P/E/G ratio of 0.95 and a beta of 1.63. KKR & Co. Inc. has a 1-year low of $52.95 and a 1-year high of $113.91. 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. (NYSE:KKR) last issued its quarterly earnings results 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 company had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. Analysts expect that KKR & Co. Inc. will post 4.06 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a yield of 0.63%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other KKR & Co. Inc. 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 stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the sale, the insider now directly owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company 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.