Logan Capital Management Inc. Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Logan Capital Management Inc. bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 48,634 shares of the asset manager’s stock, valued at approximately $7,193,000.

A number of other institutional investors have also modified their holdings of KKR. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at about $36,000. Finally, HM Payson & Co. boosted its holdings in KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of analyst reports. TD Cowen cut their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Bank of America cut their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and lowered their price target for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Finally, Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director now directly owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Down 0.6%

Shares of KKR stock opened at $117.96 on Monday. The company has a market capitalization of $104.78 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.00 and a beta of 1.91. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $111.06 and a 200 day moving average price of $136.09. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company’s revenue was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.’s dividend payout ratio is presently 31.22%.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.