KKR & Co. Inc. (NYSE:KKR) Stock Position Raised by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 6.5% during the fourth quarter, Holdings Channel reports. The fund owned 136,988 shares of the asset manager’s stock after acquiring an additional 8,339 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in KKR & Co. Inc. were worth $11,349,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Picton Mahoney Asset Management bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $11,478,000. Sawgrass Asset Management LLC increased its position in KKR & Co. Inc. by 5.0% in the 4th quarter. Sawgrass Asset Management LLC now owns 8,858 shares of the asset manager’s stock worth $734,000 after buying an additional 421 shares during the period. Sovereign Financial Group Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $262,000. Charles Schwab Investment Management Inc. increased its position in KKR & Co. Inc. by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,228,091 shares of the asset manager’s stock worth $184,597,000 after buying an additional 102,773 shares during the period. Finally, Aviance Capital Partners LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $228,000. 76.26% of the stock is owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Trading Up 0.2 %

Shares of KKR stock traded up $0.15 on Wednesday, reaching $99.69. 2,251,715 shares of the stock were exchanged, compared to its average volume of 3,535,075. The stock has a market cap of $88.23 billion, a PE ratio of 22.35, a P/E/G ratio of 0.81 and a beta of 1.62. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. 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 stock has a 50 day moving average price of $97.81 and a 200 day moving average price of $85.37.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a return on equity of 4.45% and a net margin of 19.38%. Equities research analysts forecast that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.70%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s payout ratio is presently 14.80%.

Wall Street Analyst Weigh In

Several brokerages have commented on KKR. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Barclays lifted their price target on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. StockNews.com raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. TD Cowen decreased their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Morgan Stanley lifted their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

KKR & Co. Inc. Company 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.