Global Retirement Partners LLC decreased its position in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) by 27.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,611 shares of the asset manager’s stock after selling 1,731 shares during the quarter. Global Retirement Partners LLC’s holdings in KKR & Co. Inc. were worth $237,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. MetLife Investment Management LLC purchased a new stake in KKR & Co. Inc. in the 1st quarter worth approximately $650,000. Dimensional Fund Advisors LP boosted its holdings in KKR & Co. Inc. by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,357,303 shares of the asset manager’s stock worth $79,368,000 after buying an additional 7,332 shares in the last quarter. Prudential PLC acquired a new stake in KKR & Co. Inc. during the first quarter valued at $699,000. Cetera Investment Advisers raised its position in shares of KKR & Co. Inc. by 11.9% in the first quarter. Cetera Investment Advisers now owns 16,890 shares of the asset manager’s stock worth $988,000 after acquiring an additional 1,795 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in shares of KKR & Co. Inc. by 25.6% during the 1st quarter. Moors & Cabot Inc. now owns 12,666 shares of the asset manager’s stock worth $741,000 after acquiring an additional 2,582 shares in the last quarter. Hedge funds and other institutional investors own 54.79% of the company’s stock.
KKR & Co. Inc. Stock Up 0.6 %
KKR & Co. Inc. stock opened at $61.57 on Thursday. The company has a market capitalization of $53.13 billion, a PE ratio of 48.10, a price-to-earnings-growth ratio of 3.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $41.77 and a fifty-two week high of $63.64. The firm has a 50 day moving average price of $57.52 and a 200 day moving average price of $54.46.
KKR & Co. Inc. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, August 16th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 51.56%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on KKR. Wells Fargo & Company upped their price target on KKR & Co. Inc. from $63.00 to $70.00 in a report on Tuesday. Oppenheimer increased their target price on KKR & Co. Inc. from $88.00 to $91.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup upped their price objective on shares of KKR & Co. Inc. from $69.00 to $75.00 in a research report on Tuesday. The Goldman Sachs Group lifted their target price on shares of KKR & Co. Inc. from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of KKR & Co. Inc. from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.75.
Read Our Latest Stock Report on KKR & Co. Inc.
Insider Buying and Selling
In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 15,952,381 shares of the stock in a transaction dated 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 sale, the insider now 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 Securities & Exchange Commission, which is available through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 459,348 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was bought at an average cost of $27.99 per share, with a total value of $12,857,150.52. Following the acquisition, the insider now directly owns 943,806 shares of the company’s stock, valued at $26,417,129.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 15,952,381 shares of the company’s stock in a transaction dated 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 directly owns 44,782,619 shares of the company’s stock, valued at $940,434,999. The disclosure for this sale can be found here. Insiders have acquired a total of 2,222,651 shares of company stock valued at $19,300,198 in the last ninety days. Company insiders own 39.34% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than KKR & Co. Inc.
- What is a Bond Market Holiday? How to Invest and Trade
- 3 Best Renewable Energy Stocks as Summer Heat Builds
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Kinder Morgan Shines With Dividend Yield, Cash Flow, Buybacks
- What Are MATANA Stocks?
- 3 Stocks to Buy No Matter Which Way Inflation Moves
Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR – Free Report).
Receive News & Ratings for KKR & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
