Handelsbanken Fonder AB raised its position in KKR & Co. Inc. (NYSE:KKR – Free Report) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,883 shares of the asset manager’s stock after buying an additional 4,873 shares during the quarter. Handelsbanken Fonder AB’s holdings in KKR & Co. Inc. were worth $4,826,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its holdings in shares of KKR & Co. Inc. by 63.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 514 shares of the asset manager’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $25,000. Quadrant Capital Group LLC raised its holdings in shares of KKR & Co. Inc. by 285.9% in the fourth quarter. Quadrant Capital Group LLC now owns 714 shares of the asset manager’s stock valued at $33,000 after buying an additional 529 shares during the last quarter. SJS Investment Consulting Inc. raised 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 buying an additional 216 shares during the last quarter. Finally, Webster Bank N. A. raised its stake in shares of KKR & Co. Inc. by 329.5% during the first quarter. Webster Bank N. A. now owns 859 shares of the asset manager’s stock worth $45,000 after purchasing an additional 659 shares during the last quarter. Hedge funds and other institutional investors own 54.79% of the company’s stock.
Insider Transactions at KKR & Co. Inc.
In other news, major shareholder Kkr Alternative Assets Llc purchased 27,315 shares of the stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $26.15 per share, for a total transaction of $714,287.25. Following the completion of the acquisition, the insider now directly owns 484,458 shares in the company, valued at approximately $12,668,576.70. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 15,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $23.00, for a total value of $345,000,000.00. Following the completion of the sale, the insider now directly owns 29,782,619 shares in the company, valued at $685,000,237. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 27,315 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average price of $26.15 per share, with a total value of $714,287.25. Following the completion of the acquisition, the insider now owns 484,458 shares of the company’s stock, valued at approximately $12,668,576.70. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.
KKR & Co. Inc. Stock Down 0.2 %
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last released its earnings results on Monday, May 8th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned $1.10 EPS. As a group, equities research analysts forecast that KKR & Co. Inc. will post 2.77 earnings per share for the current fiscal year.
KKR & Co. Inc. Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Monday, May 22nd were issued a dividend of $0.165 per share. The ex-dividend date was Friday, May 19th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.08%. KKR & Co. Inc.’s payout ratio is -75.00%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on KKR shares. Oppenheimer upped their price target on KKR & Co. Inc. from $80.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, April 13th. Bank of America cut their price target on shares of KKR & Co. Inc. from $70.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, April 5th. StockNews.com started coverage on shares of KKR & Co. Inc. in a report on Thursday, May 18th. They set a “sell” rating for the company. Morgan Stanley increased their price target on shares of KKR & Co. Inc. from $54.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Barclays increased their price objective on KKR & Co. Inc. from $60.00 to $68.00 in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.04.
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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