KKR & Co. Inc. (NYSE:KKR) Stock Holdings Lowered by Kize Capital LP

Kize Capital LP reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 85.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,175 shares of the asset manager’s stock after selling 217,104 shares during the quarter. KKR & Co. Inc. accounts for approximately 1.8% of Kize Capital LP’s holdings, making the stock its 7th largest holding. Kize Capital LP’s holdings in KKR & Co. Inc. were worth $2,997,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. increased its holdings in KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Missouri Trust & Investment Co increased its holdings in KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after purchasing an additional 368 shares during the last quarter. First United Bank & Trust purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $41,000. Finally, NBC Securities Inc. purchased a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $43,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The disclosure for this purchase can be found here. In the last quarter, insiders sold 48,800,000 shares of company stock worth $1,813,406,000. 39.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Jefferies Financial Group lowered their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Barclays boosted their price target on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, JMP Securities boosted their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.50.

KKR & Co. Inc. Stock Performance

KKR stock traded up $1.56 during trading on Wednesday, reaching $102.87. 1,368,499 shares of the company’s stock were exchanged, compared to its average volume of 3,535,717. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 1-year low of $52.95 and a 1-year high of $108.00. The company’s fifty day moving average price is $100.01 and its 200-day moving average price is $91.44. The firm has a market cap of $91.29 billion, a PE ratio of 22.73, a P/E/G ratio of 0.89 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (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 for the quarter, compared to analyst estimates of $989.14 million. On average, research analysts expect that KKR & Co. Inc. will post 4.06 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.68%. 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%.

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.