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Grayhawk Investment Strategies Inc. Takes Position in KKR & Co. Inc. (NYSE:KKR)

KKR & Co. Inc. logo with Finance background

Grayhawk Investment Strategies Inc. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,174 shares of the asset manager's stock, valued at approximately $926,000. KKR & Co. Inc. comprises about 1.4% of Grayhawk Investment Strategies Inc.'s portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also modified their holdings of KKR. Blue Trust Inc. grew its position in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in KKR & Co. Inc. in the 4th quarter valued at $30,000. Missouri Trust & Investment Co grew its position in KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager's stock valued at $38,000 after buying an additional 368 shares during the last quarter. First United Bank & Trust purchased a new position in KKR & Co. Inc. in the 4th quarter valued at $41,000. Finally, Naples Money Management LLC purchased a new position in KKR & Co. Inc. in the 4th quarter valued at $43,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the sale, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the company's stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the transaction, the insider now owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the sale, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.


KKR & Co. Inc. Price Performance

KKR stock traded down $2.21 during trading on Thursday, hitting $109.28. The stock had a trading volume of 6,530,377 shares, compared to its average volume of 3,818,814. The company's 50 day moving average price is $100.66 and its two-hundred day moving average price is $92.82. KKR & Co. Inc. has a 1-year low of $52.95 and a 1-year high of $113.91. The stock has a market cap of $96.98 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $989.14 million. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.06 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.175 dividend. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 annualized dividend and a yield of 0.64%. KKR & Co. Inc.'s payout ratio is presently 15.70%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KKR shares. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a "market outperform" rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Jefferies Financial Group decreased their target price on shares of 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 boosted their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 2nd. Finally, StockNews.com lowered shares of KKR & Co. Inc. from a "hold" rating to a "sell" rating in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.57.

Get Our Latest Stock Report on KKR & Co. Inc.

KKR & Co. Inc. Company 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)

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