Raymond James & Associates Purchases 427,844 Shares of KKR & Co. Inc. (NYSE:KKR)

Raymond James & Associates grew its position in KKR & Co. Inc. (NYSE:KKR) by 43.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,423,400 shares of the asset manager’s stock after acquiring an additional 427,844 shares during the period. Raymond James & Associates’ holdings in KKR & Co. Inc. were worth $143,165,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $493,000. Exchange Traded Concepts LLC raised its position in KKR & Co. Inc. by 14,032.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,957 shares of the asset manager’s stock worth $244,000 after purchasing an additional 3,929 shares during the last quarter. Handelsbanken Fonder AB raised its position in KKR & Co. Inc. by 12.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 109,155 shares of the asset manager’s stock worth $6,724,000 after purchasing an additional 12,319 shares during the last quarter. NBC Securities Inc. bought a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $43,000. Finally, Ramirez Asset Management Inc. bought a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $62,000. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were purchased 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 approximately $25,017,175. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KKR. Barclays upped their target price on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. TD Cowen upped their target price on shares of KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Finally, StockNews.com lowered shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.64.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $2.22 on Tuesday, reaching $93.06. The stock had a trading volume of 3,464,154 shares, compared to its average volume of 3,452,038. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average is $97.57 and its two-hundred day moving average is $83.89. The firm has a market capitalization of $82.36 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 0.87 and a beta of 1.61. 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 earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company 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, research analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.165 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.71%. KKR & Co. Inc.’s dividend payout ratio is currently 16.18%.

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.