Entropy Technologies LP Invests $2.11 Million in KKR & Co. Inc. (NYSE:KKR)

Entropy Technologies LP bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,023 shares of the asset manager’s stock, valued at approximately $2,114,000.

A number of other institutional investors also recently modified their holdings of KKR. American Century Companies Inc. boosted its holdings in shares of KKR & Co. Inc. by 11.7% during the third quarter. American Century Companies Inc. now owns 92,950 shares of the asset manager’s stock worth $5,726,000 after purchasing an additional 9,763 shares during the period. Nordea Investment Management AB boosted its holdings in shares of KKR & Co. Inc. by 0.3% during the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock worth $3,241,000 after purchasing an additional 133 shares during the period. Gateway Investment Advisers LLC raised its stake in KKR & Co. Inc. by 244.4% in the fourth quarter. Gateway Investment Advisers LLC now owns 127,147 shares of the asset manager’s stock worth $10,534,000 after buying an additional 90,226 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in KKR & Co. Inc. in the fourth quarter worth about $53,000. Finally, Dynamic Advisor Solutions LLC raised its stake in KKR & Co. Inc. by 10.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 3,732 shares of the asset manager’s stock worth $303,000 after buying an additional 364 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Barclays increased their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Evercore ISI increased their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday. JMP Securities increased their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the sale, the insider now owns 366,567 shares in the company, valued at $30,557,025.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were 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 approximately $247,641,076.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares in the company, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Up 0.9 %

Shares of KKR traded up $1.02 on Thursday, hitting $114.80. 115,076 shares of the stock traded hands, compared to its average volume of 4,964,249. The company has a market capitalization of $101.87 billion, a PE ratio of 25.52, a P/E/G ratio of 1.04 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The business has a 50 day simple moving average of $106.48 and a 200 day simple moving average of $98.01. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $117.07.

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

KKR & Co. Inc. Increases Dividend

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

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.