International Assets Investment Management LLC Invests $14.84 Million in KKR & Co. Inc. (NYSE:KKR)

International Assets Investment Management LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 179,098 shares of the asset manager’s stock, valued at approximately $14,838,000.

A number of other institutional investors also recently bought and sold shares of the stock. Strategic Blueprint LLC lifted its holdings in shares of KKR & Co. Inc. by 2.5% in the 4th quarter. Strategic Blueprint LLC now owns 63,406 shares of the asset manager’s stock worth $5,253,000 after acquiring an additional 1,531 shares during the last quarter. Valley National Advisers Inc. boosted its position in shares of KKR & Co. Inc. by 952.0% during the fourth quarter. Valley National Advisers Inc. now owns 789 shares of the asset manager’s stock valued at $65,000 after buying an additional 714 shares during the period. Meeder Advisory Services Inc. bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $319,000. Nisa Investment Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 22.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,035 shares of the asset manager’s stock worth $417,000 after buying an additional 915 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $267,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Trading Down 2.2 %

Shares of NYSE KKR opened at $95.01 on Friday. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48. The business has a fifty day moving average price of $97.61 and a 200 day moving average price of $84.47. The stock has a market capitalization of $84.08 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 0.90 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11.

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

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders 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 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, May 10th. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’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 SEC, which can be accessed through this link. In other news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was 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. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on KKR shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. StockNews.com upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday. Barclays lifted their price target on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley increased their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

KKR & Co. Inc. Profile

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.