U.S. Capital Wealth Advisors LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,059 shares of the asset manager’s stock, valued at approximately $253,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $30,000. NBC Securities Inc. purchased a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $43,000. Naples Money Management LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $43,000. Finally, CVA Family Office LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $48,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the acquisition, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost 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 acquisition was disclosed in a 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 firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on KKR. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. JMP Securities raised their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. StockNews.com upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley increased their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.00.

KKR & Co. Inc. Trading Up 1.3 %

NYSE KKR opened at $99.56 on Wednesday. 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 moving average of $97.73 and a two-hundred day moving average of $85.27. The stock has a market capitalization of $88.11 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82.

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

KKR & Co. Inc. Increases Dividend

The firm 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 dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is 14.80%.

KKR & Co. Inc. Company 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.