Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of KKR & Co Inc (NYSE:KKR) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 57,742 shares of the asset manager’s stock, valued at approximately $1,356,000.
Several other large investors have also added to or reduced their stakes in KKR. Focused Wealth Management Inc boosted its position in shares of KKR & Co Inc by 1.0% in the 4th quarter. Focused Wealth Management Inc now owns 63,083 shares of the asset manager’s stock valued at $1,238,000 after purchasing an additional 645 shares during the period. Rothschild Investment Corp IL raised its stake in KKR & Co Inc by 1.4% during the 4th quarter. Rothschild Investment Corp IL now owns 50,365 shares of the asset manager’s stock valued at $989,000 after acquiring an additional 672 shares during the last quarter. Keybank National Association OH raised its stake in KKR & Co Inc by 2.8% during the 4th quarter. Keybank National Association OH now owns 25,041 shares of the asset manager’s stock valued at $492,000 after acquiring an additional 677 shares during the last quarter. Curbstone Financial Management Corp raised its stake in KKR & Co Inc by 1.0% during the 4th quarter. Curbstone Financial Management Corp now owns 87,000 shares of the asset manager’s stock valued at $2,162,000 after acquiring an additional 850 shares during the last quarter. Finally, ETF Managers Group LLC raised its stake in KKR & Co Inc by 17.7% during the 4th quarter. ETF Managers Group LLC now owns 6,532 shares of the asset manager’s stock valued at $128,000 after acquiring an additional 983 shares during the last quarter. 76.54% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Credit Suisse Group downgraded KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research note on Tuesday, May 21st. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, March 21st. Finally, Sanford C. Bernstein downgraded KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $29.78.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $24.15, for a total value of $2,415,000.00. Following the transaction, the general counsel now directly owns 107,072 shares of the company’s stock, valued at $2,585,788.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 39.34% of the company’s stock.
Shares of KKR stock traded down $0.35 during mid-day trading on Wednesday, hitting $23.20. 3,476,059 shares of the company’s stock were exchanged, compared to its average volume of 2,910,113. KKR & Co Inc has a fifty-two week low of $18.30 and a fifty-two 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. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 6.90 and a beta of 1.66.
KKR & Co Inc (NYSE:KKR) last posted its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $397.26 million for the quarter, compared to analysts’ expectations of $370.51 million. KKR & Co Inc had a return on equity of 6.29% and a net margin of 48.08%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. As a group, analysts anticipate 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. Shareholders of record on Monday, May 13th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.16%. The ex-dividend date was Friday, May 10th. KKR & Co Inc’s dividend payout ratio (DPR) is presently 25.91%.
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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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