Oxford Asset Management LLP Takes $618,000 Position in KKR & Co. Inc. (NYSE:KKR)

Oxford Asset Management LLP bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,458 shares of the asset manager's stock, valued at approximately $618,000. KKR & Co. Inc. makes up about 1.1% of Oxford Asset Management LLP's holdings, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. E&G Advisors LP raised its stake in KKR & Co. Inc. by 1.5% in the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager's stock valued at $723,000 after purchasing an additional 126 shares during the last quarter. Montag A & Associates Inc. raised its stake in KKR & Co. Inc. by 4.8% in the 4th quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager's stock valued at $232,000 after purchasing an additional 128 shares during the last quarter. Cross Staff Investments Inc raised its stake in KKR & Co. Inc. by 0.7% in the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager's stock valued at $1,617,000 after purchasing an additional 130 shares during the last quarter. Nordea Investment Management AB raised its stake in KKR & Co. Inc. by 0.3% in the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager's stock valued at $3,241,000 after purchasing an additional 133 shares during the last quarter. Finally, Western Pacific Wealth Management LP raised its stake in KKR & Co. Inc. by 3.8% in the 4th quarter. Western Pacific Wealth Management LP now owns 3,701 shares of the asset manager's stock valued at $307,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 1.7 %

KKR & Co. Inc. stock traded down $1.81 during midday trading on Thursday, reaching $103.96. 4,143,230 shares of the stock traded hands, compared to its average volume of 3,564,568. The company has a 50-day simple moving average of $99.03 and a two-hundred day simple moving average of $88.72. KKR & Co. Inc. has a 12-month low of $48.92 and a 12-month high of $107.94. The firm has a market cap of $92.25 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The firm had revenue of $986.51 million for the quarter, compared to analysts' expectations of $989.14 million. Research analysts expect that KKR & Co. Inc. will post 4.06 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.67%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 15.70%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the firm's stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value 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 disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on KKR. StockNews.com downgraded KKR & Co. Inc. from a "hold" rating to a "sell" rating in a research note on Wednesday, May 15th. JMP Securities raised their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a "market outperform" rating in a research note on Tuesday, April 9th. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. Jefferies Financial Group cut their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a "buy" rating for the company in a research note on Thursday, May 9th. Finally, TD Cowen cut their target price on KKR & Co. Inc. from $154.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $94.50.

KKR & Co. Inc. Company 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.

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