Paloma Partners Management Co Purchases New Stake in KKR & Co. Inc. (NYSE:KKR)

Paloma Partners Management Co acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,479 shares of the asset manager’s stock, valued at approximately $350,000.

Other large investors have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in KKR & Co. Inc. during the 1st quarter worth $27,000. Blue Trust Inc. increased its position in 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 buying an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in KKR & Co. Inc. during the 4th quarter worth $30,000. Missouri Trust & Investment Co increased its position in 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 period. Finally, Crewe Advisors LLC bought a new position in KKR & Co. Inc. during the 1st quarter worth $47,000. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $116.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Jefferies Financial Group reduced their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Evercore ISI increased their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.20.

KKR & Co. Inc. Trading Up 0.1 %

KKR stock traded up $0.06 during mid-day trading on Monday, reaching $118.57. The company’s stock had a trading volume of 4,037,438 shares, compared to its average volume of 4,930,427. The company has a market cap of $105.22 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.06 and a beta of 1.62. The business’s 50 day moving average price is $108.60 and its 200 day moving average price is $100.13. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $120.14.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 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 firm had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. On average, equities research analysts predict that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, May 10th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of KKR & Co. Inc. stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the purchase, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the transaction, the insider now directly owns 366,567 shares in the company, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,554,644 shares of company stock valued at $1,725,355,039. 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.