Washington Trust Advisors Inc. Grows Holdings in KKR & Co. Inc. (NYSE:KKR)

Washington Trust Advisors Inc. grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 258.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 627 shares of the asset manager’s stock after acquiring an additional 452 shares during the period. Washington Trust Advisors Inc.’s holdings in KKR & Co. Inc. were worth $52,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Quarry LP raised its position in shares of KKR & Co. Inc. by 95.3% during the 2nd quarter. Quarry LP now owns 459 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 224 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $48,000. Bruce G. Allen Investments LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $53,000. NBC Securities Inc. acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $43,000. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at approximately $49,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the transaction, the insider now directly owns 429,259 shares in the company, valued at approximately $10,705,719.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the purchase, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded down $0.05 during midday trading on Thursday, hitting $100.46. 1,393,813 shares of the company were exchanged, compared to its average volume of 3,501,561. 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 firm has a market cap of $88.91 billion, a P/E ratio of 24.60, a PEG ratio of 0.87 and a beta of 1.62. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The firm has a 50 day simple moving average of $94.21 and a 200-day simple moving average of $77.84.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. Research analysts forecast that KKR & Co. Inc. will post 4.63 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. KKR & Co. Inc.’s payout ratio is currently 16.18%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several analyst reports. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $79.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Morgan Stanley increased their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, TD Cowen began coverage on KKR & Co. Inc. in a research note on Thursday, January 4th. They issued an “outperform” rating and a $96.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $82.60.

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.