Kkr Alternative Assets Llc Acquires 571,429 Shares of KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Kkr Alternative Assets Llc also recently made the following trade(s):

• On Wednesday, March 13th, Kkr Alternative Assets Llc bought 286,402 shares of KKR & Co. Inc. stock. The stock was bought at an average cost of $24.94 per share, for a total transaction of $7,142,865.88.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $100.58 on Friday. The business has a 50 day simple moving average of $94.92 and a 200 day simple moving average of $78.25. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $89.01 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.87 and a beta of 1.62. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. On average, equities research analysts anticipate that KKR & Co. Inc. will post 4.63 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. KKR & Co. Inc.’s dividend payout ratio is presently 16.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities upped their price objective on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a “market outperform” rating in a research report on Wednesday, February 7th. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. TD Cowen began coverage on KKR & Co. Inc. in a research note on Thursday, January 4th. They issued an “outperform” rating and a $96.00 price target on the stock. Morgan Stanley increased their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.60.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KKR. Blue Trust Inc. lifted its holdings in shares of KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares during the period. Quarry LP boosted its position in shares of KKR & Co. Inc. by 95.3% during the 2nd quarter. Quarry LP now owns 459 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 224 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Missouri Trust & Investment Co lifted its stake 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 purchasing an additional 368 shares during the last quarter. Finally, First United Bank & Trust bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $41,000. 76.26% of the stock is owned by institutional investors.

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.