2,050 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,050 shares of the asset manager’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KKR. Park Avenue Securities LLC acquired a new position in KKR & Co. Inc. during the first quarter worth about $1,149,000. Lantz Financial LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $212,000. Wedmont Private Capital bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth approximately $227,000. Fulton Bank N.A. lifted its stake in KKR & Co. Inc. by 1.5% during the first quarter. Fulton Bank N.A. now owns 13,568 shares of the asset manager’s stock valued at $1,365,000 after purchasing an additional 201 shares during the last quarter. Finally, Emprise Bank bought a new stake in KKR & Co. Inc. during the first quarter worth approximately $471,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $108.82 on Friday. The stock’s fifty day moving average is $102.08 and its 200-day moving average is $94.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52 week low of $52.95 and a 52 week high of $113.91. The stock has a market capitalization of $96.57 billion, a PE ratio of 24.40, a PEG ratio of 0.96 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. Equities research analysts expect that KKR & Co. Inc. will post 4.04 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Friday, May 10th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the 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 sale, the insider now owns 366,567 shares in the company, valued at approximately $30,557,025.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the purchase, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the sale, the insider now directly owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Analyst Ratings Changes

KKR has been the subject of a number of recent analyst reports. JMP Securities increased their price target 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. Jefferies Financial Group dropped their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Barclays upped their price target 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. TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.43.

KKR & Co. Inc. Profile

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.