KKR & Co. Inc. (NYSE:KKR) Shares Bought by Triangle Securities Wealth Management

Triangle Securities Wealth Management boosted its position in shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,958 shares of the asset manager’s stock after buying an additional 392 shares during the period. KKR & Co. Inc. accounts for about 1.4% of Triangle Securities Wealth Management’s portfolio, making the stock its 16th largest holding. Triangle Securities Wealth Management’s holdings in KKR & Co. Inc. were worth $3,851,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KKR. ValueAct Holdings L.P. increased its stake in KKR & Co. Inc. by 17.0% during the 2nd quarter. ValueAct Holdings L.P. now owns 26,456,563 shares of the asset manager’s stock worth $1,224,674,000 after buying an additional 3,851,214 shares in the last quarter. Vanguard Group Inc. increased its stake in KKR & Co. Inc. by 9.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,770,692 shares of the asset manager’s stock worth $1,667,140,000 after buying an additional 3,309,267 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $135,437,000. Bank of Montreal Can grew its position in shares of KKR & Co. Inc. by 162.7% in the third quarter. Bank of Montreal Can now owns 2,398,055 shares of the asset manager’s stock valued at $106,061,000 after purchasing an additional 1,485,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of KKR & Co. Inc. by 49.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,809,818 shares of the asset manager’s stock valued at $164,290,000 after purchasing an additional 931,519 shares in the last quarter. 53.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $38.83, for a total value of $295,108,000.00. Following the sale, the insider now directly owns 37 shares in the company, valued at $1,436.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $38.83, for a total value of $295,108,000.00. Following the sale, the insider now directly owns 37 shares in the company, valued at $1,436.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David Sorkin sold 40,000 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $55.44, for a total value of $2,217,600.00. Following the completion of the sale, the insider now owns 1,434,144 shares in the company, valued at $79,508,943.36. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Trading Down 2.6 %

NYSE:KKR traded down $1.30 during trading hours on Friday, reaching $48.44. 4,769,328 shares of the stock were exchanged, compared to its average volume of 3,313,876. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average of $54.83 and a two-hundred day moving average of $50.69. KKR & Co. Inc. has a twelve month low of $41.77 and a twelve month high of $62.29. The company has a market capitalization of $41.71 billion, a price-to-earnings ratio of -35.62, a PEG ratio of 2.67 and a beta of 1.55.

KKR & Co. Inc. (NYSE:KKR – Get Rating) last released its quarterly earnings results on Tuesday, February 7th. The asset manager reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.16. KKR & Co. Inc. had a positive return on equity of 5.71% and a negative net margin of 14.70%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the firm earned $1.59 earnings per share. The firm’s revenue was down 37.6% compared to the same quarter last year. On average, equities analysts predict that KKR & Co. Inc. will post 3.35 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Friday, February 17th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 16th. KKR & Co. Inc.’s dividend payout ratio (DPR) is -45.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group set a $45.50 price target on KKR & Co. Inc. in a research report on Wednesday, November 23rd. Morgan Stanley upped their price target on KKR & Co. Inc. from $56.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, February 9th. Oppenheimer upped their price target on KKR & Co. Inc. from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 25th. The Goldman Sachs Group upped their price target on KKR & Co. Inc. from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Finally, StockNews.com assumed coverage on KKR & Co. Inc. in a research report on Thursday. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $67.92.

KKR & Co. Inc. Company Profile

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KKR & Co, Inc engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management segment and Insurance segment.