TIAA Trust National Association Invests $8.53 Million in KKR & Co. Inc. (NYSE:KKR)

TIAA Trust National Association acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,954 shares of the asset manager's stock, valued at approximately $8,530,000.

Several other large investors also recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in shares of KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock valued at $26,000 after buying an additional 211 shares during the last quarter. Quarry LP grew its stake in shares of KKR & Co. Inc. by 95.3% in the 2nd quarter. Quarry LP now owns 459 shares of the asset manager's stock valued at $26,000 after purchasing an additional 224 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $48,000. Washington Trust Advisors Inc. increased its holdings in shares of KKR & Co. Inc. by 258.3% in the fourth quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager's stock valued at $52,000 after purchasing an additional 452 shares during the period. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the purchase, the insider now directly owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of 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. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded up $1.65 during mid-day trading on Wednesday, reaching $99.55. The stock had a trading volume of 2,129,967 shares, compared to its average volume of 3,471,643. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48. The company has a market cap of $88.10 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 0.86 and a beta of 1.61. The business has a 50-day simple moving average of $95.83 and a 200 day simple moving average of $79.10. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $995.64 million. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.63 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.'s payout ratio is 16.18%.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. JMP Securities boosted their target price on KKR & Co. Inc. from $92.00 to $108.00 and gave the company a "market outperform" rating in a report on Wednesday, February 7th. Morgan Stanley lifted their price objective on 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, TD Cowen began coverage on KKR & Co. Inc. in a report on Thursday, January 4th. They issued an "outperform" rating and a $96.00 price objective on the stock. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.60.

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.