FineMark National Bank & Trust Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

FineMark National Bank & Trust raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,122 shares of the asset manager’s stock after buying an additional 14,662 shares during the period. FineMark National Bank & Trust’s holdings in KKR & Co. Inc. were worth $10,863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KKR. Blue Trust Inc. raised its position in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $30,000. Missouri Trust & Investment Co grew its position in shares of KKR & Co. Inc. by 408.9% during the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after purchasing an additional 368 shares in the last quarter. First United Bank & Trust bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $41,000. Finally, Naples Money Management LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 2.0 %

KKR traded down $2.07 on Thursday, reaching $103.70. 2,686,896 shares of the company traded hands, compared to its average volume of 3,548,279. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The company has a market cap of $92.02 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The firm has a fifty day simple moving average of $99.03 and a two-hundred day simple moving average of $88.72. KKR & Co. Inc. has a one year low of $48.92 and a one year high of $107.94.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The firm had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. As a group, equities research analysts expect that KKR & Co. Inc. will post 4.06 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared 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 is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.68%. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. Wells Fargo & Company lifted 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. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. 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. Finally, Barclays increased their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the transaction, the insider now directly owns 366,567 shares in the company, valued at approximately $30,557,025.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the transaction, the insider now directly owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought 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 directly owns 429,259 shares in the company, valued at $10,705,719.46. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate 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.