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Quadrature Capital Ltd Purchases Shares of 47,456 KKR & Co. Inc. (NYSE:KKR)

KKR & Co. Inc. logo with Finance background

Quadrature Capital Ltd purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 47,456 shares of the asset manager's stock, valued at approximately $3,932,000.

A number of other large investors also recently modified their holdings of the company. CWA Asset Management Group LLC raised its holdings in shares of KKR & Co. Inc. by 0.9% during the 4th quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager's stock valued at $1,020,000 after buying an additional 114 shares in the last quarter. E&G Advisors LP raised its holdings in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager's stock valued at $723,000 after buying an additional 126 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of KKR & Co. Inc. by 4.8% during the 4th quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager's stock valued at $232,000 after buying an additional 128 shares in the last quarter. Cross Staff Investments Inc raised its holdings in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager's stock valued at $1,617,000 after buying an additional 130 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of KKR & Co. Inc. by 0.3% during the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager's stock valued at $3,241,000 after buying an additional 133 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 1.5 %

NYSE:KKR traded down $1.50 during trading hours on Friday, reaching $97.99. 4,983,213 shares of the company traded hands, compared to its average volume of 3,462,955. The business's 50-day moving average price is $100.00 and its two-hundred day moving average price is $91.78. The stock has a market capitalization of $86.96 billion, a P/E ratio of 21.97, a P/E/G ratio of 0.86 and a beta of 1.63. KKR & Co. Inc. has a 1 year low of $52.95 and a 1 year high of $108.00. 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 issued its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The firm had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. Analysts predict that KKR & Co. Inc. will post 4.06 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.17. KKR & Co. Inc.'s payout ratio is currently 15.70%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KKR. Jefferies Financial Group reduced their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. Barclays lifted their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 2nd. JMP Securities lifted their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a "market outperform" rating in a research report on Tuesday, April 9th. StockNews.com lowered KKR & Co. Inc. from a "hold" rating to a "sell" rating in a research report on Wednesday, May 15th. Finally, TD Cowen lowered 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 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.50.

Get Our Latest Analysis on KKR & Co. Inc.

Insider Buying and Selling at KKR & Co. Inc.

In other 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 stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the purchase, the insider now owns 429,259 shares of the company's stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 2,814,013 shares of company stock valued at $71,428,603 and sold 48,800,000 shares valued at $1,813,406,000. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Profile

(Free Report)

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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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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