Aviance Capital Partners LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Aviance Capital Partners LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,757 shares of the asset manager’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. E&G Advisors LP boosted its stake in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after purchasing an additional 126 shares during the last quarter. Cross Staff Investments Inc grew its stake in KKR & Co. Inc. by 0.7% in the fourth quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock worth $1,617,000 after purchasing an additional 130 shares in the last quarter. Nordea Investment Management AB raised its stake in KKR & Co. Inc. by 0.3% during the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock worth $3,241,000 after acquiring an additional 133 shares during the period. Marks Group Wealth Management Inc grew its position in shares of KKR & Co. Inc. by 2.0% during the fourth quarter. Marks Group Wealth Management Inc now owns 7,480 shares of the asset manager’s stock worth $620,000 after acquiring an additional 146 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its holdings in shares of KKR & Co. Inc. by 1.2% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 12,876 shares of the asset manager’s stock valued at $1,067,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the purchase, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Morgan Stanley boosted their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. TD Cowen decreased their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, JMP Securities raised their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.00.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded up $1.31 during midday trading on Tuesday, reaching $99.56. The company had a trading volume of 4,596,598 shares, compared to its average volume of 3,549,644. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48. The company’s 50 day moving average price is $97.73 and its 200 day moving average price is $85.27. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a market cap of $88.11 billion, a P/E ratio of 22.32, a P/E/G ratio of 0.81 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.45% and a net margin of 19.38%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.175 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 14.80%.

About KKR & Co. Inc.

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.