Northwest Bank & Trust Co Acquires Shares of 1,000 KKR & Co. Inc. (NYSE:KKR)

Northwest Bank & Trust Co acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,000 shares of the asset manager’s stock, valued at approximately $83,000.

A number of other hedge funds have also added to or reduced their stakes in KKR. CWA Asset Management Group LLC lifted its stake in KKR & Co. Inc. by 0.9% during the 4th quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock valued at $1,020,000 after acquiring an additional 114 shares during the period. E&G Advisors LP lifted its stake in shares of KKR & Co. Inc. by 1.5% in 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. Montag A & Associates Inc. lifted its stake in shares of KKR & Co. Inc. by 4.8% in the 4th quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager’s stock worth $232,000 after purchasing an additional 128 shares during the period. Cross Staff Investments Inc lifted its stake in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock worth $1,617,000 after purchasing an additional 130 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of KKR & Co. Inc. by 0.3% in the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock worth $3,241,000 after purchasing an additional 133 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the sale, the insider now directly owns 366,567 shares in the company, valued at $30,557,025.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now owns 9,688,618 shares in the company, valued at $247,641,076.08. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the sale, the insider now owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KKR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. JMP Securities increased their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Jefferies Financial Group reduced their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. StockNews.com lowered shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, Barclays increased their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.57.

KKR & Co. Inc. Price Performance

KKR traded down $0.18 during trading on Friday, reaching $109.18. 5,069,624 shares of the company traded hands, compared to its average volume of 4,683,572. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 12-month low of $52.95 and a 12-month high of $113.91. The firm has a fifty day simple moving average of $101.05 and a 200 day simple moving average of $93.38. The company has a market cap of $96.89 billion, a P/E ratio of 24.48, a PEG ratio of 0.95 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The company had revenue of $986.51 million for the quarter, compared to analysts’ expectations of $989.14 million. On average, equities analysts forecast that KKR & Co. Inc. will post 4.06 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

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.