3,160 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,160 shares of the asset manager’s stock, valued at approximately $262,000.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in KKR & Co. Inc. in the third quarter valued at $493,000. NBC Securities Inc. acquired a new position in KKR & Co. Inc. during the third quarter worth approximately $43,000. Ramirez Asset Management Inc. bought a new stake in KKR & Co. Inc. in the third quarter valued at approximately $62,000. Vanguard Group Inc. lifted its position in shares of KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after buying an additional 475,118 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

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

KKR & Co. Inc. Price Performance

KKR stock traded up $1.31 during midday trading on Tuesday, reaching $99.56. The company had a trading volume of 4,596,598 shares, compared to its average volume of 3,549,644. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48. The stock has a 50 day moving average price of $97.73 and a 200-day moving average price of $85.27. 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 company 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.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. Equities research analysts expect that KKR & Co. Inc. will post 4.15 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

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.