KKR & Co. Inc. (NYSE:KKR) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division grew its holdings in shares of KKR & Co. Inc. (NYSE:KKRGet Rating) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,275 shares of the asset manager’s stock after purchasing an additional 270 shares during the period. Moody National Bank Trust Division’s holdings in KKR & Co. Inc. were worth $1,712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. WASHINGTON TRUST Co grew its holdings in shares of KKR & Co. Inc. by 264.3% in the 4th quarter. WASHINGTON TRUST Co now owns 357 shares of the asset manager’s stock worth $27,000 after acquiring an additional 259 shares during the period. Pinebridge Investments L.P. acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. CVA Family Office LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $41,000. Pacer Advisors Inc. acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $63,000. Finally, Sound Income Strategies LLC grew its holdings in shares of KKR & Co. Inc. by 608.7% in the 1st quarter. Sound Income Strategies LLC now owns 1,141 shares of the asset manager’s stock worth $67,000 after acquiring an additional 980 shares during the period.

Shares of KKR & Co. Inc. stock opened at $45.82 on Thursday. KKR & Co. Inc. has a fifty-two week low of $44.28 and a fifty-two week high of $83.90. The firm has a market cap of $27.15 billion, a PE ratio of 10.11, a P/E/G ratio of 2.69 and a beta of 1.47. The business’s fifty day moving average is $52.17 and its two-hundred day moving average is $60.43. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.68.

KKR & Co. Inc. (NYSE:KKRGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The asset manager reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.21. KKR & Co. Inc. had a return on equity of 7.82% and a net margin of 23.19%. The company had revenue of $943.02 million for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted $0.75 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 3.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, May 13th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.15. KKR & Co. Inc.’s dividend payout ratio is currently 13.69%.

A number of equities research analysts recently weighed in on KKR shares. Morgan Stanley lowered their price target on KKR & Co. Inc. from $78.00 to $71.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 20th. BMO Capital Markets lowered their price target on KKR & Co. Inc. from $90.00 to $80.00 in a report on Wednesday, May 4th. StockNews.com assumed coverage on KKR & Co. Inc. in a report on Thursday, March 31st. They set a “sell” rating on the stock. The Goldman Sachs Group cut KKR & Co. Inc. from a “buy” rating to a “neutral” rating in a report on Sunday, May 1st. Finally, JMP Securities lowered their target price on KKR & Co. Inc. from $92.00 to $85.00 and set a “market outperform” rating on the stock in a report on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.45.

In related news, major shareholder Kkr Group Partnership L.P. sold 4,250,000 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $19.51, for a total value of $82,917,500.00. Following the transaction, the insider now directly owns 10,000,000 shares of the company’s stock, valued at approximately $195,100,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Profile (Get Rating)

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.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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