Ceredex Value Advisors LLC Has $37.52 Million Position in KKR & Co. Inc. (NYSE:KKR)

Ceredex Value Advisors LLC reduced its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 48.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 452,900 shares of the asset manager's stock after selling 424,200 shares during the period. Ceredex Value Advisors LLC owned about 0.05% of KKR & Co. Inc. worth $37,523,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted 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 purchasing an additional 211 shares in the last quarter. Quarry LP grew its holdings in KKR & Co. Inc. by 95.3% during the 2nd quarter. Quarry LP now owns 459 shares of the asset manager's stock valued at $26,000 after buying an additional 224 shares during the last quarter. NBC Securities Inc. acquired a new stake in KKR & Co. Inc. during the 3rd quarter valued at $43,000. CVA Family Office LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth $48,000. Finally, SkyView Investment Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the first quarter worth $49,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on KKR. TD Cowen assumed coverage on KKR & Co. Inc. in a research report on Thursday, January 4th. They set an "outperform" rating and a $96.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday. 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 research report on Wednesday, January 24th. Finally, JMP Securities increased their target price on KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a "market outperform" rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.71.

KKR & Co. Inc. Trading Up 2.8 %

NYSE KKR traded up $2.76 during mid-day trading on Friday, hitting $100.93. The company's stock had a trading volume of 2,662,914 shares, compared to its average volume of 2,646,552. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48. The stock's fifty day simple moving average is $96.37 and its two-hundred day simple moving average is $79.59. The firm has a market capitalization of $89.32 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $995.64 million. Research analysts expect that KKR & Co. Inc. will post 4.63 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced 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 0.65%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.'s payout ratio is 16.18%.

Insider Activity

In related news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost 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 approximately $25,017,175. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company'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. Insiders own 39.34% of the company's stock.

About KKR & Co. Inc.

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.