Certuity LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Certuity LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, Holdings Channel reports. The fund acquired 2,754 shares of the asset manager’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KKR. Cookson Peirce & Co. Inc. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $9,636,000. Vanguard Group Inc. grew its holdings in KKR & Co. Inc. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after buying an additional 475,118 shares in the last quarter. Community Trust & Investment Co. purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $6,615,000. TIAA Trust National Association bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $8,530,000. Finally, abrdn plc lifted its holdings in shares of KKR & Co. Inc. by 83.9% in the fourth quarter. abrdn plc now owns 293,690 shares of the asset manager’s stock worth $24,332,000 after buying an additional 134,003 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. StockNews.com upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays lifted their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, JMP Securities upped 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. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.64.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $95.14 on Thursday. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $97.60 and a 200-day moving average price of $83.97. The firm has a market capitalization of $84.20 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 0.86 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $995.64 million. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.15 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling

In related news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the purchase, the insider now owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the 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 disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

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.