Steph & Co. Makes New $105,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Steph & Co. bought a new position in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,272 shares of the asset manager’s stock, valued at approximately $105,000.

A number of other large investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in KKR & Co. Inc. by 7.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226,181 shares of the asset manager’s stock worth $18,739,000 after purchasing an additional 15,476 shares during the period. Wealth Alliance bought a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $301,000. Cookson Peirce & Co. Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $9,636,000. United Asset Strategies Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $1,829,000. Finally, Mackenzie Financial Corp grew its position in shares of KKR & Co. Inc. by 20.8% during the 4th quarter. Mackenzie Financial Corp now owns 31,631 shares of the asset manager’s stock valued at $2,621,000 after acquiring an additional 5,441 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.7 %

Shares of KKR stock opened at $94.63 on Thursday. The stock has a market cap of $83.75 billion, a P/E ratio of 23.19, a PEG ratio of 0.88 and a beta of 1.61. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $97.76 and its two-hundred day simple moving average is $81.60.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. Analysts predict that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is 16.18%.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KKR shares. JMP Securities boosted their price objective on shares of 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. TD Cowen boosted their price objective on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Morgan Stanley boosted their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Barclays upped their target price on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $90.64.

KKR & Co. Inc. Company 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.