GAMMA Investing LLC Purchases Shares of 7,303 KKR & Co. Inc. (NYSE:KKR)

GAMMA Investing LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,303 shares of the asset manager’s stock, valued at approximately $632,000.

Several other large investors also recently modified their holdings of KKR. Blue Trust Inc. grew its holdings in KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. NBC Securities Inc. bought 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. during the 4th quarter worth approximately $43,000. Finally, CVA Family Office LLC bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were purchased 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 approximately $25,017,175. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of research reports. Morgan Stanley increased their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Barclays lifted their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, JMP Securities lifted their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $90.64.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded down $1.41 during mid-day trading on Wednesday, reaching $96.56. The company had a trading volume of 1,713,108 shares, compared to its average volume of 3,428,286. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The firm has a market cap of $85.46 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 0.87 and a beta of 1.61. The company’s 50-day moving average price is $97.59 and its 200-day moving average price is $82.71. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly 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. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued 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 dividend yield of 0.68%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 16.18%.

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.