FIL Ltd grew its holdings in shares of KKR & Co Inc (NYSE:KKR) by 23.9% in the 1st quarter, HoldingsChannel reports. The fund owned 603,883 shares of the asset manager’s stock after buying an additional 116,504 shares during the period. FIL Ltd’s holdings in KKR & Co Inc were worth $14,185,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc bought a new position in KKR & Co Inc during the third quarter valued at approximately $1,027,380,000. ETF Managers Group LLC lifted its position in KKR & Co Inc by 17.7% during the 4th quarter. ETF Managers Group LLC now owns 6,532 shares of the asset manager’s stock worth $128,000 after acquiring an additional 983 shares during the period. BB&T Securities LLC lifted its holdings in shares of KKR & Co Inc by 17.0% in the 4th quarter. BB&T Securities LLC now owns 11,273 shares of the asset manager’s stock valued at $221,000 after buying an additional 1,639 shares during the period. Capital Investment Advisory Services LLC acquired a new position in shares of KKR & Co Inc in the 4th quarter valued at about $99,000. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of KKR & Co Inc by 5.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 83,102 shares of the asset manager’s stock valued at $1,631,000 after buying an additional 4,450 shares during the period. 76.52% of the stock is owned by hedge funds and other institutional investors.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of the business’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 transaction of $2,415,000.00. Following the completion of the sale, the general counsel now directly owns 107,072 shares in the company, valued at approximately $2,585,788.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 39.34% of the stock is currently owned by insiders.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, March 21st. Credit Suisse Group lowered KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a research note on Tuesday, May 21st. Finally, Sanford C. Bernstein lowered KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.78.
Shares of KKR & Co Inc stock opened at $24.04 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.87. KKR & Co Inc has a twelve month low of $18.30 and a twelve month high of $28.73. The stock has a market capitalization of $13.14 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 6.90 and a beta of 1.63.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $397.26 million during the quarter, compared to analyst estimates of $370.51 million. During the same quarter in the previous year, the business earned $0.29 EPS. KKR & Co Inc’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts forecast that KKR & Co Inc will post 1.69 earnings per share for the current fiscal year.
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 dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.50 annualized dividend and a yield of 2.08%. KKR & Co Inc’s dividend payout ratio (DPR) is currently 25.91%.
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About KKR & Co Inc
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.
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