KKR & Co. Inc. (NYSE:KKR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,818 shares of the asset manager’s stock after purchasing an additional 225 shares during the period. GAMMA Investing LLC’s holdings in KKR & Co. Inc. were worth $823,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Missouri Trust & Investment Co increased its holdings in shares of KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after buying an additional 368 shares during the last quarter. Finally, First United Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 2.2 %

Shares of KKR traded down $2.39 during mid-day trading on Monday, reaching $106.23. The company had a trading volume of 5,867,948 shares, compared to its average volume of 4,957,053. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The stock has a market cap of $94.27 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.07 and a beta of 1.62. The firm has a fifty day simple moving average of $109.59 and a 200-day simple moving average of $101.15. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.20. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter in the previous year, the business posted $0.58 EPS. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Monday, August 12th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.66%. The ex-dividend date is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the transaction, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. Insiders have sold 37,554,644 shares of company stock valued at $1,725,355,039 in the last quarter. Company insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JMP Securities increased their price objective on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday. Citigroup boosted their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group dropped their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

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.