Private Advisor Group LLC purchased a new stake in shares of KKR & Co Inc (NYSE:KKR) during the 1st quarter, HoldingsChannel reports. The fund purchased 40,897 shares of the asset manager’s stock, valued at approximately $961,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Legacy Advisors LLC bought a new position in KKR & Co Inc in the first quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in KKR & Co Inc in the first quarter valued at approximately $49,000. Arrow Financial Corp bought a new position in KKR & Co Inc in the first quarter valued at approximately $49,000. Northwestern Mutual Wealth Management Co. boosted its stake in KKR & Co Inc by 29.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,212 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 497 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in KKR & Co Inc by 1,541.3% in the first quarter. Signaturefd LLC now owns 2,462 shares of the asset manager’s stock valued at $58,000 after acquiring an additional 2,312 shares during the last quarter. 76.52% of the stock is currently owned by institutional investors and hedge funds.
In related 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 transaction of $2,415,000.00. Following the sale, the general counsel now directly owns 107,072 shares in the company, valued at $2,585,788.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 39.34% of the company’s stock.
Shares of NYSE:KKR opened at $23.79 on Friday. KKR & Co Inc has a 12 month low of $18.30 and a 12 month high of $28.73. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87. The firm has a market cap of $12.94 billion, a P/E ratio of 12.33, a P/E/G ratio of 6.85 and a beta of 1.63.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.29%. The business had revenue of $397.26 million for the quarter, compared to analyst estimates of $370.51 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts predict that KKR & Co Inc will post 1.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, May 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.10%. KKR & Co Inc’s payout ratio is 25.91%.
A number of equities analysts have recently weighed in on the stock. 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 research report on Thursday, March 21st. Sanford C. Bernstein cut shares of KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 2nd. Finally, Credit Suisse Group lowered shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.78.
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KKR & Co Inc Company 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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