Amalgamated Bank Decreases Stake in KKR & Co. Inc. (NYSE:KKR)

Amalgamated Bank decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,655 shares of the asset manager’s stock after selling 3,374 shares during the quarter. Amalgamated Bank’s holdings in KKR & Co. Inc. were worth $5,025,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. increased its position in shares of KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. NBC Securities Inc. bought a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $43,000. Naples Money Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $43,000. Finally, CVA Family Office LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

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

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $99.56 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The company has a 50-day moving average of $97.73 and a 200-day moving average of $85.27. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The company has a market capitalization 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. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 4.15 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.175 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co. Inc.’s payout ratio is presently 14.80%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. JMP Securities upped their price objective 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. StockNews.com upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley lifted their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.00.

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.