Amalgamated Bank Sells 3,374 Shares of KKR & Co. Inc. (NYSE:KKR)

Amalgamated Bank cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,655 shares of the asset manager’s stock after selling 3,374 shares during the period. Amalgamated Bank’s holdings in KKR & Co. Inc. were worth $5,025,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KKR. E&G Advisors LP grew its stake in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after purchasing an additional 126 shares during the period. Cross Staff Investments Inc grew its position in KKR & Co. Inc. by 0.7% during the fourth quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock valued at $1,617,000 after buying an additional 130 shares during the period. Nordea Investment Management AB increased its holdings in KKR & Co. Inc. by 0.3% in the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after buying an additional 133 shares in the last quarter. Marks Group Wealth Management Inc raised its position in shares of KKR & Co. Inc. by 2.0% in the fourth quarter. Marks Group Wealth Management Inc now owns 7,480 shares of the asset manager’s stock worth $620,000 after acquiring an additional 146 shares during the period. Finally, Robertson Stephens Wealth Management LLC boosted its stake in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 12,876 shares of the asset manager’s stock worth $1,067,000 after acquiring an additional 147 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KKR has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. StockNews.com upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. JMP Securities lifted their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Finally, TD Cowen lowered their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.00.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $99.56 on Wednesday. The stock has a market capitalization of $88.11 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The business has a 50-day moving average of $97.73 and a 200 day moving average of $85.27. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 4.15 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, May 10th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s payout ratio is 14.80%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the purchase, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

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.