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Cobalt Capital Management Inc. Purchases 110,000 Shares of KKR & Co. Inc. (NYSE:KKR)

KKR & Co. Inc. logo with Finance background

Cobalt Capital Management Inc. boosted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 275.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,000 shares of the asset manager's stock after acquiring an additional 110,000 shares during the quarter. KKR & Co. Inc. accounts for approximately 4.3% of Cobalt Capital Management Inc.'s investment portfolio, making the stock its 8th biggest holding. Cobalt Capital Management Inc.'s holdings in KKR & Co. Inc. were worth $12,428,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of KKR & Co. Inc. by 1.9% during the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager's stock worth $3,546,708,000 after acquiring an additional 805,122 shares during the last quarter. Vanguard Group Inc. grew its position in shares of KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager's stock valued at $2,460,381,000 after purchasing an additional 475,118 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of KKR & Co. Inc. by 3.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager's stock worth $845,324,000 after purchasing an additional 365,449 shares during the period. Norges Bank acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $649,798,000. Finally, Wellington Management Group LLP lifted its holdings in KKR & Co. Inc. by 297.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager's stock worth $312,469,000 after purchasing an additional 3,794,837 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded up $1.32 during mid-day trading on Wednesday, hitting $111.53. 6,713,730 shares of the stock traded hands, compared to its average volume of 3,794,810. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a twelve month low of $52.95 and a twelve month high of $113.91. The company has a market cap of $98.97 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. The firm has a 50 day simple moving average of $100.66 and a two-hundred day simple moving average of $92.82.


KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly 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). The firm had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.06 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.63%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. KKR & Co. Inc.'s payout ratio is presently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business's stock in a transaction 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 acquisition, the insider now owns 1,000,687 shares of the company's stock, valued at $25,017,175. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the sale, the insider now directly owns 366,567 shares of the company's stock, valued at approximately $30,557,025.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the 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 purchase, 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.

Analyst Ratings Changes

A number of equities analysts recently commented on KKR shares. StockNews.com lowered shares of KKR & Co. Inc. from a "hold" rating to a "sell" rating in a research report on Wednesday, May 15th. Barclays upped their target price on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 2nd. Jefferies Financial Group dropped their price target 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. JMP Securities increased their price objective on shares of 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. Finally, TD Cowen decreased their target price on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $98.57.

View Our Latest Stock Analysis on KKR

About KKR & Co. Inc.

(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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