Naples Money Management LLC Invests $43,000 in KKR & Co. Inc. (NYSE:KKR)

Naples Money Management LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, HoldingsChannel reports. The fund bought 515 shares of the asset manager’s stock, valued at approximately $43,000.

Other large investors also recently modified their holdings of the company. Cookson Peirce & Co. Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $9,636,000. Vanguard Group Inc. raised its position in KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after purchasing an additional 475,118 shares during the last quarter. Community Trust & Investment Co. bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $6,615,000. TIAA Trust National Association bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $8,530,000. Finally, Black Swift Group LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $1,740,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $10,705,719.46. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 0.8 %

NYSE KKR opened at $92.62 on Friday. The business has a 50 day simple moving average of $97.61 and a 200 day simple moving average of $81.90. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The stock has a market capitalization of $81.97 billion, a P/E ratio of 22.71, a P/E/G ratio of 0.85 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping 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 business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. Research analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 16.18%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wells Fargo & Company increased 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. JMP Securities increased their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. 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 note on Wednesday, January 24th. 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. Finally, TD Cowen increased their price target on KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.64.

About KKR & Co. Inc.

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.