Cross Staff Investments Inc Grows Stake in KKR & Co. Inc. (NYSE:KKR)

Cross Staff Investments Inc boosted its position in KKR & Co. Inc. (NYSE:KKR) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,512 shares of the asset manager’s stock after purchasing an additional 130 shares during the period. KKR & Co. Inc. comprises 1.4% of Cross Staff Investments Inc’s investment portfolio, making the stock its 14th biggest position. Cross Staff Investments Inc’s holdings in KKR & Co. Inc. were worth $1,617,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its position 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 buying an additional 211 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth $30,000. Naples Money Management LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth $43,000. CVA Family Office LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth $48,000. Finally, Washington Trust Advisors Inc. increased its position in KKR & Co. Inc. by 258.3% during the fourth quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager’s stock worth $52,000 after buying an additional 452 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 0.7 %

Shares of KKR traded up $0.63 during midday trading on Friday, reaching $95.50. 1,156,234 shares of the company were exchanged, compared to its average volume of 3,443,829. The stock has a 50-day moving average price of $97.58 and a 200-day moving average price of $82.90. The company has a market cap of $84.52 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 0.89 and a beta of 1.61. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data 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 return on equity of 4.21% and a net margin of 25.74%. Research analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is presently 16.18%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective 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. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Barclays lifted their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, JMP Securities lifted their price objective 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the transaction, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the transaction, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. 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 insiders.

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.