Fountainhead AM LLC Has $517,000 Holdings in KKR & Co. Inc. (NYSE:KKR)

Fountainhead AM LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 19.3% in the 4th quarter, Holdings Channel reports. The firm owned 6,235 shares of the asset manager’s stock after selling 1,494 shares during the quarter. Fountainhead AM LLC’s holdings in KKR & Co. Inc. were worth $517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KKR. Wellington Management Group LLP lifted its stake in shares of KKR & Co. Inc. by 297.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock valued at $312,469,000 after purchasing an additional 3,794,837 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of KKR & Co. Inc. by 1.2% in the 3rd 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. Jennison Associates LLC lifted its stake in shares of KKR & Co. Inc. by 215.5% in the 4th quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager’s stock valued at $28,242,000 after purchasing an additional 232,821 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $14,838,000. Finally, Factory Mutual Insurance Co. acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $14,084,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE:KKR traded up $3.53 on Tuesday, reaching $98.00. The stock had a trading volume of 3,025,256 shares, compared to its average volume of 3,452,249. The company has a market capitalization of $86.73 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $97.59 and a 200-day moving average price of $82.71.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. Research analysts forecast that KKR & Co. Inc. will post 4.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 16.18%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of KKR & Co. Inc. stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on KKR shares. Morgan Stanley lifted their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. TD Cowen lifted their target price on shares of KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. JMP Securities lifted their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, Barclays lifted their target price on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.64.

KKR & Co. Inc. 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.