Raymond James Financial Services Advisors Inc. reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,442 shares of the asset manager’s stock after selling 1,118 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in KKR & Co. Inc. were worth $3,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in KKR & Co. Inc. by 9.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,770,692 shares of the asset manager’s stock valued at $1,667,140,000 after buying an additional 3,309,267 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in KKR & Co. Inc. by 54.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock valued at $1,209,457,000 after buying an additional 9,192,928 shares in the last quarter. Akre Capital Management LLC grew its holdings in KKR & Co. Inc. by 0.9% during the 1st quarter. Akre Capital Management LLC now owns 14,865,320 shares of the asset manager’s stock valued at $869,175,000 after buying an additional 134,660 shares in the last quarter. Geode Capital Management LLC grew its holdings in KKR & Co. Inc. by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 7,438,708 shares of the asset manager’s stock valued at $344,880,000 after buying an additional 196,951 shares in the last quarter. Finally, Norges Bank purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $258,688,000. 54.79% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at KKR & Co. Inc.
In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 15,952,381 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $21.00, for a total value of $335,000,001.00. Following the completion of the sale, the insider now directly owns 44,782,619 shares of the company’s stock, valued at approximately $940,434,999. The transaction was disclosed in a filing with the SEC, which is available through this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 27,315 shares of the stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $26.15 per share, with a total value of $714,287.25. Following the transaction, the insider now owns 484,458 shares of the company’s stock, valued at $12,668,576.70. The acquisition 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 15,952,381 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $21.00, for a total transaction of $335,000,001.00. Following the completion of the sale, the insider now directly owns 44,782,619 shares of the company’s stock, valued at approximately $940,434,999. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
KKR & Co. Inc. Price Performance
KKR stock opened at $53.92 on Friday. KKR & Co. Inc. has a 12 month low of $41.77 and a 12 month high of $60.53. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $52.99 and a 200 day moving average price of $52.62. The stock has a market cap of $46.54 billion, a PE ratio of -61.27, a P/E/G ratio of 2.59 and a beta of 1.52.
KKR & Co. Inc. (NYSE:KKR – Free Report) last released its quarterly earnings data on Monday, May 8th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a negative net margin of 5.67% and a positive return on equity of 4.87%. The firm’s quarterly revenue was up 212.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 2.86 earnings per share for the current year.
KKR & Co. Inc. Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Monday, May 22nd were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.22%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, May 19th. KKR & Co. Inc.’s payout ratio is -75.00%.
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.
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