LRT Capital Management LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

LRT Capital Management LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,330 shares of the asset manager's stock, valued at approximately $493,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $1,435,314,000. GQG Partners LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $325,752,000. Proficio Capital Partners LLC raised its position in KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. bought a new position in KKR & Co. Inc. during the 4th quarter worth $218,918,000. Finally, Roberts Foundation acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $147,910,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 0.6%

NYSE:KKR opened at $117.96 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $104.78 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.00 and a beta of 1.91. The firm has a fifty day simple moving average of $111.06 and a two-hundred day simple moving average of $136.09. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business's quarterly revenue was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. Analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Insider Buying and Selling

In other news, Director Robert W. Scully acquired 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KKR has been the subject of several recent research reports. Bank of America decreased their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average price target of $147.00.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.

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