GAMMA Investing LLC Makes New $632,000 Investment in KKR & Co. Inc. (NYSE:KKR)

GAMMA Investing LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,303 shares of the asset manager’s stock, valued at approximately $632,000.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake 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 worth $26,000 after purchasing an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth $30,000. NBC Securities Inc. acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $43,000. Naples Money Management LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth $43,000. Finally, CVA Family Office LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Down 1.4 %

Shares of KKR stock traded down $1.41 during trading hours on Wednesday, hitting $96.56. 1,713,108 shares of the company were exchanged, compared to its average volume of 3,428,286. The firm has a market cap of $85.46 billion, a PE ratio of 24.02, a PEG ratio of 0.87 and a beta of 1.61. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average of $97.59 and a 200 day moving average of $82.71.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. Analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Wells Fargo & Company increased 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 note on Wednesday, February 7th. Morgan Stanley increased 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 note on Wednesday, January 24th. JMP Securities increased 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 note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.64.

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.