U S Global Investors Inc. Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

U S Global Investors Inc. purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,550 shares of the asset manager's stock, valued at approximately $1,205,000.

Several other large investors have also recently made changes to their positions in KKR. Blue Trust Inc. raised its stake in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock worth $26,000 after acquiring an additional 211 shares in the last quarter. Quarry LP grew its holdings in shares of KKR & Co. Inc. by 95.3% in the second quarter. Quarry LP now owns 459 shares of the asset manager's stock worth $26,000 after purchasing an additional 224 shares during the last quarter. NBC Securities Inc. bought a new position in shares of KKR & Co. Inc. in the third quarter worth approximately $43,000. CVA Family Office LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $48,000. Finally, SkyView Investment Advisors LLC bought a new position in shares of KKR & Co. Inc. in the first quarter worth approximately $49,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on KKR shares. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. JMP Securities raised their target price on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a "market outperform" rating in a report on Wednesday, February 7th. TD Cowen started coverage on shares of KKR & Co. Inc. in a report on Thursday, January 4th. They issued an "outperform" rating and a $96.00 target price on the stock. Morgan Stanley lifted their price target 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, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.53.

KKR & Co. Inc. Stock Down 1.4 %

Shares of KKR traded down $1.38 during trading hours on Thursday, hitting $98.17. The company had a trading volume of 2,081,797 shares, compared to its average volume of 3,451,415. The firm has a fifty day moving average price of $96.09 and a 200-day moving average price of $79.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $86.88 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 0.84 and a beta of 1.61. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly 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 return on equity of 4.21% and a net margin of 25.74%. On average, equities research analysts forecast that KKR & Co. Inc. will post 4.63 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.'s dividend payout ratio is presently 16.18%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was 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 in the company, valued at $25,017,175. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the business's stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the purchase, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is 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.