Rockefeller Capital Management L.P. acquired a new position in shares of KKR & Co Inc (NYSE:KKR) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 7,505 shares of the asset manager’s stock, valued at approximately $176,000.
A number of other large investors have also recently bought and sold shares of the business. Legacy Advisors LLC bought a new position in shares of KKR & Co Inc in the 1st quarter valued at about $29,000. Westside Investment Management Inc. bought a new position in KKR & Co Inc during the 4th quarter worth approximately $39,000. Truvestments Capital LLC bought a new position in KKR & Co Inc during the 1st quarter worth approximately $49,000. Arrow Financial Corp bought a new position in KKR & Co Inc during the 1st quarter worth approximately $49,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in KKR & Co Inc by 29.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,212 shares of the asset manager’s stock worth $52,000 after acquiring an additional 497 shares during the last quarter. Institutional investors own 76.52% of the company’s stock.
KKR stock opened at $24.31 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.00 and a quick ratio of 1.00. KKR & Co Inc has a one year low of $18.30 and a one year high of $28.73. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 6.94 and a beta of 1.63.
KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.29%. The firm had revenue of $397.26 million during the quarter, compared to analysts’ expectations of $370.51 million. During the same period in the previous year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side 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 dividend of $0.125 per share. The ex-dividend date was Friday, May 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.06%. KKR & Co Inc’s dividend payout ratio (DPR) is 25.91%.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of KKR & Co Inc stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $24.15, for a total transaction of $2,415,000.00. Following the completion of 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 document filed with the SEC, which is available at the SEC website. Insiders own 39.34% of the company’s stock.
Several research firms recently weighed in on KKR. Credit Suisse Group lowered shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research note on Tuesday, May 21st. Zacks Investment Research raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, March 21st. Finally, Sanford C. Bernstein lowered shares of 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 currently has a consensus rating of “Hold” and a consensus target price of $29.78.
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KKR & Co Inc Company 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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