Amalgamated Bank increased its position in shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,681 shares of the asset manager’s stock after buying an additional 673 shares during the quarter. Amalgamated Bank’s holdings in KKR & Co. Inc. were worth $2,678,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $25,000. CVA Family Office LLC grew its holdings in shares of KKR & Co. Inc. by 56.8% in the third quarter. CVA Family Office LLC now owns 580 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 210 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of KKR & Co. Inc. by 42.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 719 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 216 shares in the last quarter. Accurate Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $47,000. Finally, Affiance Financial LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $47,000. 53.85% of the stock is owned by institutional investors.
Analyst Ratings Changes
KKR has been the subject of several recent analyst reports. Bank of America reduced their target price on KKR & Co. Inc. from $70.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, April 5th. BMO Capital Markets reduced their target price on KKR & Co. Inc. from $74.00 to $65.00 in a report on Tuesday, May 9th. Barclays reduced their target price on KKR & Co. Inc. from $63.00 to $60.00 in a report on Tuesday, May 9th. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $59.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, StockNews.com started coverage on KKR & Co. Inc. in a report on Thursday, May 18th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.39.
KKR & Co. Inc. Stock Performance
KKR & Co. Inc. (NYSE:KKR – Get Rating) last posted its earnings results on Monday, May 8th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. KKR & Co. Inc. had a positive return on equity of 4.87% and a negative net margin of 5.67%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up 212.9% on a year-over-year basis. On average, research analysts anticipate that KKR & Co. Inc. will post 2.8 earnings per share for the current year.
KKR & Co. Inc. Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Monday, May 22nd will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, May 19th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.16. KKR & Co. Inc.’s dividend payout ratio (DPR) is -75.00%.
Insider Buying and Selling
In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 27,315 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average price of $26.15 per share, for a total transaction of $714,287.25. Following the completion of the transaction, the insider now owns 484,458 shares of the company’s stock, valued at approximately $12,668,576.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 15,952,381 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $21.00, for a total value of $335,000,001.00. Following the transaction, the insider now owns 44,782,619 shares of the company’s stock, valued at $940,434,999. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 27,315 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of $26.15 per share, for a total transaction of $714,287.25. Following the purchase, the insider now owns 484,458 shares of the company’s stock, valued at $12,668,576.70. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.
KKR & Co. Inc. Company Profile
KKR & Co, Inc engages in the provision of investment and private equity asset management services. The firm manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management and Insurance segments.
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