TIAA Trust National Association Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

TIAA Trust National Association purchased a new position in shares of KKR & Co. Inc. (NYSE:KKRFree Report) during the fourth quarter, Holdings Channel reports. The fund purchased 102,954 shares of the asset manager’s stock, valued at approximately $8,530,000.

A number of other large investors also recently added to or reduced their stakes in KKR. T. Rowe Price Investment Management Inc. lifted its stake in KKR & Co. Inc. by 54.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock worth $1,209,457,000 after purchasing an additional 9,192,928 shares in the last quarter. Norges Bank acquired a new position in KKR & Co. Inc. during the fourth quarter worth $258,688,000. Wellington Management Group LLP lifted its stake in KKR & Co. Inc. by 297.0% during the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after purchasing an additional 3,794,837 shares in the last quarter. Renaissance Technologies LLC acquired a new position in KKR & Co. Inc. during the first quarter worth $135,437,000. Finally, Samlyn Capital LLC acquired a new position in KKR & Co. Inc. during the first quarter worth $104,737,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TD Cowen initiated coverage on KKR & Co. Inc. in a research note on Thursday, January 4th. They set an “outperform” rating and a $96.00 price target on the stock. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Morgan Stanley increased their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, JMP Securities increased their price objective on KKR & Co. Inc. from $92.00 to $108.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.60.

Read Our Latest Research Report on KKR & Co. Inc.

Insiders Place Their Bets

In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’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. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 2.1 %

KKR & Co. Inc. stock opened at $97.88 on Wednesday. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48. 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 stock has a market cap of $86.62 billion, a PE ratio of 23.99, a P/E/G ratio of 0.86 and a beta of 1.61. The stock’s fifty day moving average is $95.51 and its two-hundred day moving average is $78.95.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. On average, sell-side analysts expect that KKR & Co. Inc. will post 4.63 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is presently 16.18%.

About KKR & Co. Inc.

(Free Report)

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.

Further Reading

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:KKRFree Report).

Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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