Grand Jean Capital Management Inc. Boosts Position in KKR & Co Inc (KKR)
Grand Jean Capital Management Inc. boosted its stake in shares of KKR & Co Inc (NYSE:KKR) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,270 shares of the asset manager’s stock after buying an additional 11,735 shares during the quarter. KKR & Co Inc makes up approximately 1.5% of Grand Jean Capital Management Inc.’s portfolio, making the stock its 20th largest holding. Grand Jean Capital Management Inc.’s holdings in KKR & Co Inc were worth $4,398,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vulcan Value Partners LLC bought a new position in KKR & Co Inc during the second quarter worth about $388,743,000. Akre Capital Management LLC boosted its position in KKR & Co Inc by 108.3% during the second quarter. Akre Capital Management LLC now owns 10,000,000 shares of the asset manager’s stock worth $248,500,000 after purchasing an additional 5,200,000 shares during the period. Iridian Asset Management LLC CT bought a new position in KKR & Co Inc during the second quarter worth about $65,053,000. Bank of Montreal Can bought a new position in KKR & Co Inc during the third quarter worth about $65,683,000. Finally, TD Asset Management Inc. bought a new position in KKR & Co Inc during the third quarter worth about $52,013,000. Institutional investors own 69.92% of the company’s stock.
KKR stock opened at $21.10 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01. KKR & Co Inc has a 12 month low of $19.11 and a 12 month high of $28.73. The company has a market capitalization of $11.55 billion, a PE ratio of 8.87, a PEG ratio of 0.96 and a beta of 1.63.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, November 5th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.37%. KKR & Co Inc’s dividend payout ratio (DPR) is currently 21.01%.
In other news, major shareholder Fund Holdings L.P. Kkr acquired 11,806 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was bought at an average cost of $15.99 per share, for a total transaction of $188,777.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 52,829 shares of company stock valued at $840,424 over the last 90 days.
A number of equities analysts have weighed in on KKR shares. Zacks Investment Research lowered shares of KKR & Co Inc from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 24th. Morgan Stanley cut their target price on shares of KKR & Co Inc from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Bank of America lowered shares of KKR & Co Inc from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a research report on Wednesday, October 10th. Jefferies Financial Group reiterated a “buy” rating and set a $32.00 target price on shares of KKR & Co Inc in a research report on Friday, July 27th. Finally, Deutsche Bank cut their target price on shares of KKR & Co Inc from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.87.
About KKR & Co Inc
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, and middle market investments.
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