Greytown Advisors Inc. trimmed its position in KKR & Co Inc (NYSE:KKR) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,034 shares of the asset manager’s stock after selling 5,504 shares during the period. Greytown Advisors Inc.’s holdings in KKR & Co Inc were worth $870,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Hilton Capital Management LLC raised its position in KKR & Co Inc by 19.2% in the 1st quarter. Hilton Capital Management LLC now owns 943,170 shares of the asset manager’s stock worth $22,155,000 after purchasing an additional 152,011 shares during the period. AdvisorNet Financial Inc purchased a new position in KKR & Co Inc in the 1st quarter worth $34,000. Callodine Capital Management LP raised its position in KKR & Co Inc by 70.0% in the 1st quarter. Callodine Capital Management LP now owns 212,500 shares of the asset manager’s stock worth $4,992,000 after purchasing an additional 87,500 shares during the period. Jackson Square Partners LLC raised its position in KKR & Co Inc by 3.4% in the 1st quarter. Jackson Square Partners LLC now owns 28,899,959 shares of the asset manager’s stock worth $678,860,000 after purchasing an additional 937,164 shares during the period. Finally, Westpac Banking Corp purchased a new position in KKR & Co Inc in the 1st quarter worth $809,000. 76.52% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. Credit Suisse Group cut shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research report on Tuesday, May 21st. Zacks Investment Research raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, March 21st. Finally, Sanford C. Bernstein lowered shares of KKR & Co Inc from a “market perform” rating to an “underperform” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.78.
KKR & Co Inc stock traded down $0.19 during trading hours on Friday, reaching $24.12. The stock had a trading volume of 63,732 shares, compared to its average volume of 2,587,254. The firm has a market cap of $13.22 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 6.94 and a beta of 1.63. KKR & Co Inc has a 52 week low of $18.30 and a 52 week high of $28.73. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.87.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $397.26 million for the quarter, compared to analyst estimates of $370.51 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.29%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. As a group, sell-side analysts expect that KKR & Co Inc will post 1.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, May 10th. KKR & Co Inc’s dividend payout ratio (DPR) is presently 25.91%.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $24.15, for a total value of $2,415,000.00. Following the sale, the general counsel now owns 107,072 shares of the company’s stock, valued at approximately $2,585,788.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 39.34% of the stock is owned by company insiders.
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KKR & Co Inc Profile
KKR & Co L.P. 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.
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