Bbva Compass Bancshares Inc. raised its holdings in KKR & Co Inc (NYSE:KKR) by 60.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,833 shares of the asset manager’s stock after buying an additional 5,957 shares during the period. Bbva Compass Bancshares Inc.’s holdings in KKR & Co Inc were worth $372,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. ValueAct Holdings L.P. raised its stake in KKR & Co Inc by 2.0% in the fourth quarter. ValueAct Holdings L.P. now owns 50,700,000 shares of the asset manager’s stock valued at $995,241,000 after buying an additional 1,000,000 shares during the period. Vanguard Group Inc bought a new stake in KKR & Co Inc in the third quarter valued at approximately $1,027,380,000. Principal Financial Group Inc. grew its position in shares of KKR & Co Inc by 6.9% in the fourth quarter. Principal Financial Group Inc. now owns 17,520,941 shares of the asset manager’s stock valued at $343,935,000 after purchasing an additional 1,124,564 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of KKR & Co Inc by 14.9% in the fourth quarter. Macquarie Group Ltd. now owns 7,846,835 shares of the asset manager’s stock valued at $154,033,000 after purchasing an additional 1,015,539 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its position in shares of KKR & Co Inc by 4.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 7,631,574 shares of the asset manager’s stock valued at $149,808,000 after purchasing an additional 335,357 shares during the last quarter. Hedge funds and other institutional investors own 73.99% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, March 21st. Sanford C. Bernstein downgraded KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $29.85.
In other news, General Counsel David Sorkin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $24.15, for a total value of $2,415,000.00. Following the transaction, the general counsel now owns 107,072 shares of the company’s stock, valued at $2,585,788.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is currently owned by corporate insiders.
KKR & Co Inc stock opened at $24.21 on Thursday. KKR & Co Inc has a 12 month low of $18.30 and a 12 month high of $28.73. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $13.01 billion, a PE ratio of 12.54, a PEG ratio of 6.71 and a beta of 1.66.
KKR & Co Inc (NYSE:KKR) last posted its earnings results on Tuesday, April 30th. The asset manager reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. KKR & Co Inc had a return on equity of 6.29% and a net margin of 48.08%. The company had revenue of $397.26 million for the quarter, compared to the consensus estimate of $370.51 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts anticipate that KKR & Co Inc will post 1.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co Inc’s payout ratio is 25.91%.
KKR & Co Inc Company Profile
KKR & Co L.P. 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.
Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co Inc (NYSE:KKR).
Receive News & Ratings for KKR & Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co Inc and related companies with MarketBeat.com's FREE daily email newsletter.