KKR & Co. Inc. (NYSE:KKR) Holdings Trimmed by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,310 shares of the asset manager’s stock after selling 303 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in KKR & Co. Inc. were worth $2,428,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $267,000. Stratos Investment Management LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $284,000. Prime Capital Investment Advisors LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $729,000. Arkadios Wealth Advisors boosted its position in shares of KKR & Co. Inc. by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 4,665 shares of the asset manager’s stock valued at $387,000 after purchasing an additional 267 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth about $14,838,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the purchase, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the purchase, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’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 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.

KKR & Co. Inc. Trading Down 1.3 %

NYSE:KKR opened at $93.41 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48. The stock’s 50-day moving average is $97.70 and its two-hundred day moving average is $81.68. The stock has a market cap of $82.67 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 0.88 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations 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 research analysts forecast that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. KKR & Co. Inc.’s payout ratio is 16.18%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KKR. Morgan Stanley lifted their price target 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. TD Cowen lifted their price target on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. JMP Securities lifted their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.