Fortitude Family Office LLC Invests $2.08 Million in KKR & Co. Inc. (NYSE:KKR)

Fortitude Family Office LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKRFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,054 shares of the asset manager’s stock, valued at approximately $2,076,000. KKR & Co. Inc. accounts for about 1.5% of Fortitude Family Office LLC’s portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in KKR. Nordea Investment Management AB increased its position 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 acquiring an additional 133 shares during the period. AE Wealth Management LLC raised its position in shares of KKR & Co. Inc. by 1.2% in the third quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after purchasing an additional 168 shares during the period. Aaron Wealth Advisors LLC increased its holdings in KKR & Co. Inc. by 0.7% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 26,861 shares of the asset manager’s stock worth $1,655,000 after acquiring an additional 198 shares during the period. Industrial Alliance Investment Management Inc. grew its stake in KKR & Co. Inc. by 0.5% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 37,920 shares of the asset manager’s stock worth $1,760,000 after buying an additional 200 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of KKR & Co. Inc. by 0.5% in the 3rd quarter. IFP Advisors Inc now owns 40,862 shares of the asset manager’s stock valued at $2,517,000 after purchasing an additional 209 shares in the last quarter. Institutional investors own 54.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JMP Securities upped their price objective on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 7th. Morgan Stanley increased their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. 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. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th. Finally, The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $79.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $82.60.

View Our Latest Report on KKR

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $3.05 on Thursday, hitting $101.65. 4,759,681 shares of the company traded hands, compared to its average volume of 3,609,398. The stock has a market capitalization of $89.96 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 0.83 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The business has a 50-day simple moving average of $92.67 and a 200 day simple moving average of $76.65.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last released its quarterly earnings data 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. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. Research analysts expect that KKR & Co. Inc. will post 4.63 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.65%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is presently 16.18%.

Insider Buying and Selling

In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was bought at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the purchase, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

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)

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