Trust Asset Management LLC Invests $1.01 Million in KKR & Co. Inc. (NYSE:KKR)

Trust Asset Management LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,716 shares of the asset manager’s stock, valued at approximately $1,008,000.

A number of other large investors also recently bought and sold shares of KKR. Advisors Asset Management Inc. increased its position in shares of KKR & Co. Inc. by 100.7% in the first quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock valued at $2,017,000 after buying an additional 10,060 shares in the last quarter. Lazard Asset Management LLC increased its holdings in KKR & Co. Inc. by 118.5% in the 1st quarter. Lazard Asset Management LLC now owns 13,107 shares of the asset manager’s stock worth $1,318,000 after acquiring an additional 7,107 shares in the last quarter. BOKF NA raised its position in KKR & Co. Inc. by 240.3% during the first quarter. BOKF NA now owns 10,405 shares of the asset manager’s stock worth $1,040,000 after acquiring an additional 7,347 shares during the period. Sweeney & Michel LLC purchased a new position in KKR & Co. Inc. during the first quarter valued at $483,000. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of KKR & Co. Inc. by 0.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 19,786 shares of the asset manager’s stock valued at $1,990,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Down 0.0 %

Shares of KKR stock traded down $0.06 during trading on Monday, hitting $158.57. 187,662 shares of the stock traded hands, compared to its average volume of 4,229,800. The firm has a market capitalization of $140.85 billion, a P/E ratio of 48.22, a price-to-earnings-growth ratio of 1.26 and a beta of 1.61. KKR & Co. Inc. has a 52-week low of $68.58 and a 52-week high of $160.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm’s fifty day moving average price is $139.68 and its 200-day moving average price is $121.52.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period last year, the company earned $0.73 EPS. As a group, research analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Analysts Set New Price Targets

Several research analysts recently weighed in on KKR shares. Citigroup upped their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer increased their target price on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. TD Cowen lifted their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JMP Securities increased their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $154.14.

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.