Transcend Capital Advisors LLC Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Transcend Capital Advisors LLC boosted its position in KKR & Co. Inc. (NYSE:KKR) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,787 shares of the asset manager’s stock after purchasing an additional 328 shares during the quarter. Transcend Capital Advisors LLC’s holdings in KKR & Co. Inc. were worth $479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KKR. Wellington Management Group LLP lifted its stake in KKR & Co. Inc. by 297.0% in the 3rd 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. Vanguard Group Inc. raised its position in shares of KKR & Co. Inc. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after buying an additional 475,118 shares in the last quarter. Jennison Associates LLC raised its position in shares of KKR & Co. Inc. by 215.5% during the 4th quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager’s stock valued at $28,242,000 after buying an additional 232,821 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $14,838,000. Finally, Factory Mutual Insurance Co. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $14,084,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, 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 purchased at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase 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 transaction of $136,206,000.00. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $95.23 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The firm’s fifty day moving average is $97.57 and its 200 day moving average is $83.66. The firm has a market cap of $84.28 billion, a P/E ratio of 23.34, a P/E/G ratio of 0.87 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. Research analysts predict that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KKR shares. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Wells Fargo & Company raised their price objective on shares of 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 raised their price objective on shares of 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. Finally, Barclays raised their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.