Cross Staff Investments Inc Buys 130 Shares of KKR & Co. Inc. (NYSE:KKR)

Cross Staff Investments Inc increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,512 shares of the asset manager’s stock after buying an additional 130 shares during the quarter. KKR & Co. Inc. comprises approximately 1.4% of Cross Staff Investments Inc’s portfolio, making the stock its 14th largest holding. Cross Staff Investments Inc’s holdings in KKR & Co. Inc. were worth $1,617,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC bought a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $207,000. AE Wealth Management LLC raised its stake in KKR & Co. Inc. by 1.2% during the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock worth $878,000 after buying an additional 168 shares during the period. Global Retirement Partners LLC lifted its holdings in KKR & Co. Inc. by 14.2% during the third quarter. Global Retirement Partners LLC now owns 1,812 shares of the asset manager’s stock worth $108,000 after acquiring an additional 226 shares in the last quarter. HB Wealth Management LLC grew its stake in KKR & Co. Inc. by 4.9% in the third quarter. HB Wealth Management LLC now owns 6,050 shares of the asset manager’s stock valued at $373,000 after acquiring an additional 284 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of KKR & Co. Inc. in the third quarter worth about $493,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. 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 transaction, the insider now directly owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other 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 value of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the transaction, 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. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 0.7 %

Shares of NYSE:KKR traded up $0.63 during midday trading on Friday, hitting $95.50. The stock had a trading volume of 1,156,234 shares, compared to its average volume of 3,443,829. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month 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 business’s 50-day simple moving average is $97.58 and its 200-day simple moving average is $82.90. The company has a market cap of $84.52 billion, a P/E ratio of 23.53, a PEG ratio of 0.89 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share 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 business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.165 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. KKR & Co. Inc.’s dividend payout ratio is presently 16.18%.

Analyst Ratings Changes

KKR has been the subject of several research analyst reports. JMP Securities boosted their price objective on 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. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Morgan Stanley lifted their price target on 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. Finally, Barclays increased their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $90.64.

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.