Cookson Peirce & Co. Inc. Buys New Position in KKR & Co. Inc. (NYSE:KKR)

Cookson Peirce & Co. Inc. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 116,312 shares of the asset manager's stock, valued at approximately $9,636,000.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. increased its position in 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 purchasing an additional 211 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Quarry LP increased its position in KKR & Co. Inc. by 95.3% during the 2nd quarter. Quarry LP now owns 459 shares of the asset manager's stock worth $26,000 after purchasing an additional 224 shares in the last quarter. CVA Family Office LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $48,000. Finally, Washington Trust Advisors Inc. increased its position in KKR & Co. Inc. by 258.3% during the 4th quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager's stock worth $52,000 after purchasing an additional 452 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on KKR shares. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. TD Cowen increased their price objective on shares of KKR & Co. Inc. to $144.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th. Barclays increased their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Finally, Morgan Stanley increased their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $90.64.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business's stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of KKR & Co. Inc. stock in a transaction that occurred 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 acquisition, the insider now directly owns 1,000,687 shares of the company's stock, valued at $25,017,175. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR traded up $0.44 during trading hours on Tuesday, hitting $96.28. 4,909,410 shares of the stock were exchanged, compared to its average volume of 3,447,945. The stock has a 50-day simple moving average of $97.76 and a 200-day simple moving average of $81.51. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The stock has a market cap of $85.21 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 0.87 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 announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) 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 company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. Analysts anticipate that KKR & Co. Inc. will post 4.28 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 16.18%.

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.