Sapient Capital LLC Takes $256,000 Position in KKR & Co. Inc. (NYSE:KKR)

Sapient Capital LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,094 shares of the asset manager’s stock, valued at approximately $256,000.

Several other large investors also recently added to or reduced their stakes in KKR. Blue Trust Inc. boosted 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 acquiring an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $30,000. NBC Securities Inc. purchased a new stake in KKR & Co. Inc. in the third quarter worth about $43,000. Naples Money Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $43,000. Finally, CVA Family Office LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $48,000. 76.26% of the stock is currently owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’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 acquisition, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the acquisition, the insider now owns 429,259 shares in the company, 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 1.3 %

Shares of KKR opened at $99.56 on Wednesday. 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 has a fifty day moving average of $97.73 and a 200 day moving average of $85.27. The company has a market cap of $88.11 billion, a PE ratio of 22.32, a P/E/G ratio of 0.81 and a beta of 1.62. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results 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. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. On average, sell-side analysts expect that KKR & Co. Inc. will post 4.15 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.175 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.70%. KKR & Co. Inc.’s dividend payout ratio is currently 14.80%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Barclays lifted their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. 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. Finally, Morgan Stanley increased 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. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

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.