EP Wealth Advisors LLC Acquires 1,512 Shares of KKR & Co. Inc. (NYSE:KKR)

EP Wealth Advisors LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,622 shares of the asset manager’s stock after purchasing an additional 1,512 shares during the period. EP Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $466,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. CWA Asset Management Group LLC lifted its stake in shares of KKR & Co. Inc. by 0.9% in the 4th quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock valued at $1,020,000 after acquiring an additional 114 shares during the last quarter. E&G Advisors LP lifted its stake in shares of KKR & Co. Inc. by 1.5% in the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock valued at $723,000 after acquiring an additional 126 shares during the last quarter. Montag A & Associates Inc. raised its position in KKR & Co. Inc. by 4.8% during the 4th quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager’s stock worth $232,000 after purchasing an additional 128 shares during the last quarter. Cross Staff Investments Inc raised its position in KKR & Co. Inc. by 0.7% during the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock worth $1,617,000 after purchasing an additional 130 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in KKR & Co. Inc. by 0.3% during the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock worth $3,241,000 after purchasing an additional 133 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s 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 completion of the transaction, the insider now directly owns 366,567 shares in the company, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $110.48 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a 50-day moving average of $101.43 and a 200-day moving average of $94.00. The company has a market cap of $98.04 billion, a PE ratio of 24.77, a P/E/G ratio of 0.95 and a beta of 1.63. KKR & Co. Inc. has a one year low of $52.95 and a one year high of $113.91.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). The firm had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. On average, equities research analysts predict that KKR & Co. Inc. will post 4.06 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a $0.175 dividend. The ex-dividend date was Friday, May 10th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.63%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KKR shares. Barclays raised their target price on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their target price on KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. JMP Securities raised their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. TD Cowen lowered their target price on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group lowered their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 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 stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $98.57.

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.