Picton Mahoney Asset Management Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Picton Mahoney Asset Management purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 138,535 shares of the asset manager’s stock, valued at approximately $11,478,000.

Several other large investors also recently made changes to their positions in KKR. Cookson Peirce & Co. Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $9,636,000. Vanguard Group Inc. boosted its holdings in KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after purchasing an additional 475,118 shares during the last quarter. Community Trust & Investment Co. bought a new position in KKR & Co. Inc. in the fourth quarter valued at $6,615,000. TIAA Trust National Association bought a new position in KKR & Co. Inc. in the fourth quarter valued at $8,530,000. Finally, abrdn plc increased its stake in KKR & Co. Inc. by 83.9% in the 4th quarter. abrdn plc now owns 293,690 shares of the asset manager’s stock valued at $24,332,000 after buying an additional 134,003 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated 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. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR traded up $1.31 during trading hours on Tuesday, hitting $99.56. The company had a trading volume of 4,596,598 shares, compared to its average volume of 3,549,644. The business has a fifty day moving average of $97.73 and a 200-day moving average of $85.27. 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 $88.11 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 0.81 and a beta of 1.62. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share 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 19.38% and a return on equity of 4.45%. Equities analysts anticipate that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given 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 is Friday, May 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.70%. KKR & Co. Inc.’s dividend payout ratio is presently 14.80%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KKR shares. TD Cowen decreased their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. JMP Securities boosted their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Morgan Stanley upped their price objective 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. StockNews.com raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Barclays upped their price target 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. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.00.

KKR & Co. Inc. Company 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.