TD Private Client Wealth LLC Sells 11,322 Shares of KKR & Co. Inc. $KKR

TD Private Client Wealth LLC reduced its stake in KKR & Co. Inc. (NYSE:KKRFree Report) by 24.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 34,448 shares of the asset manager’s stock after selling 11,322 shares during the quarter. TD Private Client Wealth LLC’s holdings in KKR & Co. Inc. were worth $4,391,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. SteelPeak Wealth LLC boosted its position in shares of KKR & Co. Inc. by 3.2% in the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock worth $325,000 after purchasing an additional 80 shares in the last quarter. Diversified Trust Co. boosted its position in shares of KKR & Co. Inc. by 1.5% in the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after purchasing an additional 82 shares in the last quarter. Modera Wealth Management LLC raised its holdings in KKR & Co. Inc. by 4.9% in the 4th quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock worth $228,000 after acquiring an additional 84 shares during the last quarter. Sound Income Strategies LLC raised its holdings in KKR & Co. Inc. by 9.1% in the 4th quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock worth $143,000 after acquiring an additional 90 shares during the last quarter. Finally, Cornerstone Advisory LLC raised its holdings in KKR & Co. Inc. by 3.0% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock worth $414,000 after acquiring an additional 92 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Down 1.0%

NYSE:KKR opened at $96.01 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $86.20 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 0.86 and a beta of 1.85. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $153.87. The business has a fifty day moving average price of $95.36 and a 200-day moving average price of $110.60.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last posted its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The firm had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. Sell-side analysts forecast that KKR & Co. Inc. will post 5.46 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.195 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, May 15th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 26.53%.

KKR & Co. Inc. announced that its board has approved a stock repurchase program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KKR. UBS Group boosted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada decreased their price objective on shares of KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. BMO Capital Markets decreased their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Wednesday, January 28th. Finally, TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $134.53.

View Our Latest Research Report on KKR

Insider Activity at KKR & Co. Inc.

In related news, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 4th. The stock was purchased at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the purchase, the director directly owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This trade represents a 21.28% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 23.20% of the stock is owned by company insiders.

KKR & Co. Inc. Company Profile

(Free Report)

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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