TIAA Trust National Association Purchases 62,941 Shares of KKR & Co. Inc. (NYSE:KKR)

TIAA Trust National Association increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 61.1% during the 1st quarter, Holdings Channel reports. The fund owned 165,895 shares of the asset manager’s stock after buying an additional 62,941 shares during the quarter. TIAA Trust National Association’s holdings in KKR & Co. Inc. were worth $16,686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KKR. Blue Trust Inc. boosted its stake in KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Riverview Trust Co bought a new position in KKR & Co. Inc. during the 1st quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Missouri Trust & Investment Co boosted its stake in KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after acquiring an additional 368 shares during the last quarter. Finally, First United Bank & Trust bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $41,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.2 %

KKR traded up $0.24 during trading on Friday, reaching $115.15. 2,826,651 shares of the stock were exchanged, compared to its average volume of 11,318,865. The stock has a market cap of $102.18 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.03 and a beta of 1.62. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $117.07. The stock’s 50 day moving average price is $106.97 and its two-hundred day moving average price is $98.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. Equities analysts expect that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a $0.175 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the transaction, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the transaction, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. JMP Securities lifted their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Jefferies Financial Group cut their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, Barclays lifted their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $101.20.

KKR & Co. Inc. Company 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.