Signaturefd LLC Acquires 705 Shares of KKR & Co. Inc. (NYSE:KKR)

Signaturefd LLC increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,036 shares of the asset manager’s stock after buying an additional 705 shares during the period. Signaturefd LLC’s holdings in KKR & Co. Inc. were worth $500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its position in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth $30,000. Naples Money Management LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth $43,000. CVA Family Office LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth $48,000. Finally, Washington Trust Advisors Inc. raised its position in KKR & Co. Inc. by 258.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager’s stock worth $52,000 after purchasing an additional 452 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Down 1.2 %

NYSE:KKR opened at $96.77 on Thursday. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The company’s 50-day simple moving average is $97.61 and its 200 day simple moving average is $82.81. The firm has a market capitalization of $85.64 billion, a P/E ratio of 23.72, a PEG ratio of 0.90 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. As a group, analysts forecast that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is currently 16.18%.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.64.

Insider Buying and Selling

In related 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 shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

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.