Golden State Equity Partners Decreases Position in KKR & Co. Inc. (NYSE:KKR)

Golden State Equity Partners lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,005 shares of the asset manager’s stock after selling 125 shares during the period. Golden State Equity Partners’ holdings in KKR & Co. Inc. were worth $580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KKR. AE Wealth Management LLC lifted its holdings in shares of KKR & Co. Inc. by 1.2% during the 3rd 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 last quarter. SG Americas Securities LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter worth $493,000. Exchange Traded Concepts LLC raised its stake in KKR & Co. Inc. by 14,032.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,957 shares of the asset manager’s stock worth $244,000 after acquiring an additional 3,929 shares during the last quarter. Handelsbanken Fonder AB raised its stake in KKR & Co. Inc. by 12.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 109,155 shares of the asset manager’s stock worth $6,724,000 after acquiring an additional 12,319 shares during the last quarter. Finally, Cannon Global Investment Management LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter worth $881,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on 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. Barclays raised their target price on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. TD Cowen raised their target price on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Finally, Wells Fargo & Company increased their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded up $0.67 during trading on Friday, reaching $95.54. 1,965,876 shares of the company’s stock traded hands, compared to its average volume of 3,119,223. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week 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 firm has a market cap of $84.55 billion, a PE ratio of 23.42, a P/E/G ratio of 0.87 and a beta of 1.61. The company has a 50-day simple moving average of $97.58 and a 200-day simple moving average of $83.13.

KKR & Co. Inc. (NYSE:KKR) last posted its 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. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. As a group, analysts predict that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is 16.18%.

Insider Buying and Selling

In related news, 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 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 legal filing with the SEC, which is available through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were 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 directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, March 11th. The shares were 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. 39.34% of the stock is currently owned by insiders.

About KKR & Co. Inc.

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.