KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Buckingham Strategic Partners

Buckingham Strategic Partners grew its position in KKR & Co. Inc. (NYSE:KKRGet Rating) by 33.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 5,572 shares of the asset manager’s stock after acquiring an additional 1,395 shares during the period. Buckingham Strategic Partners’ holdings in KKR & Co. Inc. were worth $326,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. WASHINGTON TRUST Co grew its stake in shares of KKR & Co. Inc. by 264.3% in the fourth quarter. WASHINGTON TRUST Co now owns 357 shares of the asset manager’s stock valued at $27,000 after buying an additional 259 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in KKR & Co. Inc. during the 4th quarter worth $30,000. Allworth Financial LP acquired a new position in KKR & Co. Inc. during the 1st quarter worth $28,000. Herold Advisors Inc. acquired a new position in KKR & Co. Inc. during the 1st quarter worth $29,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in KKR & Co. Inc. during the 1st quarter worth $38,000.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 4,250,000 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $19.51, for a total value of $82,917,500.00. Following the transaction, the insider now owns 10,000,000 shares in the company, valued at approximately $195,100,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Matt Cohler purchased 18,710 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $52.99 per share, for a total transaction of $991,442.90. Following the acquisition, the director now directly owns 86,837 shares in the company, valued at approximately $4,601,492.63. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 4,250,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $19.51, for a total value of $82,917,500.00. Following the completion of the sale, the insider now directly owns 10,000,000 shares in the company, valued at approximately $195,100,000. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

KKR has been the subject of several analyst reports. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. JMP Securities decreased their price target on KKR & Co. Inc. from $85.00 to $80.00 and set a “market outperform” rating for the company in a report on Tuesday, July 12th. Morgan Stanley decreased their price target on KKR & Co. Inc. from $72.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Finally, TheStreet downgraded KKR & Co. Inc. from a “b” rating to a “c+” rating in a report on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.04.

KKR & Co. Inc. Stock Down 0.6 %

KKR & Co. Inc. stock opened at $57.20 on Wednesday. KKR & Co. Inc. has a fifty-two week low of $44.28 and a fifty-two week high of $83.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $49.18 billion, a P/E ratio of 44.69, a PEG ratio of 4.56 and a beta of 1.53. The stock has a 50-day simple moving average of $50.21 and a 200-day simple moving average of $54.67.

KKR & Co. Inc. (NYSE:KKRGet Rating) last posted its earnings results on Tuesday, August 2nd. The asset manager reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. KKR & Co. Inc. had a return on equity of 7.23% and a net margin of 8.25%. The business had revenue of $303.10 million during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was down 59.0% on a year-over-year basis. Equities research analysts expect that KKR & Co. Inc. will post 3.37 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Monday, August 15th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 48.44%.

KKR & Co. Inc. Company Profile

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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.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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