Raymond James Financial Services Advisors Inc. Has $5.77 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Raymond James Financial Services Advisors Inc. grew its position in KKR & Co. Inc. (NYSE:KKRFree Report) by 77.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,594 shares of the asset manager’s stock after purchasing an additional 30,368 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in KKR & Co. Inc. were worth $5,766,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 1.2% during 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 acquiring an additional 475,118 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of KKR & Co. Inc. by 54.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock valued at $1,209,457,000 after acquiring an additional 9,192,928 shares during the last quarter. Akre Capital Management LLC increased its holdings in shares of KKR & Co. Inc. by 0.9% during the 1st quarter. Akre Capital Management LLC now owns 14,865,320 shares of the asset manager’s stock valued at $869,175,000 after acquiring an additional 134,660 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of KKR & Co. Inc. by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 7,699,314 shares of the asset manager’s stock valued at $403,764,000 after acquiring an additional 260,606 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $258,688,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now directly owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. 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 the firm’s stock in a transaction on 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 owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on KKR shares. JMP Securities increased their target price on KKR & Co. Inc. from $92.00 to $108.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 7th. Morgan Stanley increased their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. TD Cowen started coverage on KKR & Co. Inc. in a research note on Thursday, January 4th. They set an “outperform” rating and a $96.00 target price for the company. Finally, Wells Fargo & Company increased their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.60.

Read Our Latest Stock Analysis on KKR

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $99.55 on Thursday. The stock has a 50 day moving average of $95.83 and a two-hundred day moving average of $79.10. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The company has a market capitalization of $88.10 billion, a P/E ratio of 24.40, a P/E/G ratio of 0.86 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. As a group, equities analysts expect that KKR & Co. Inc. will post 4.63 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

KKR & Co. Inc. 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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