Intellectus Partners LLC Invests $207,000 in KKR & Co. Inc. (NYSE:KKR)

Intellectus Partners LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,500 shares of the asset manager’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KKR. Blue Trust Inc. boosted its holdings 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. during the 4th quarter valued at about $30,000. NBC Securities Inc. bought a new stake in KKR & Co. Inc. during the third quarter worth about $43,000. Naples Money Management LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $43,000. Finally, CVA Family Office LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $48,000. Institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 13th. The shares were acquired 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 owns 429,259 shares in the company, valued at approximately $10,705,719.46. The transaction was disclosed in a filing with the SEC, which is available at this link. In other KKR & Co. Inc. 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 stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, for a total transaction 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. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $95.23 on Tuesday. 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 stock has a market cap of $84.28 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The firm has a 50-day moving average of $97.57 and a two-hundred day moving average of $83.66. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results 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 return on equity of 4.21% and a net margin of 25.74%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. On average, research analysts forecast that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JMP Securities boosted their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Barclays increased 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. TD Cowen boosted their price target on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley boosted their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.