Axxcess Wealth Management LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

Axxcess Wealth Management LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,182 shares of the asset manager’s stock, valued at approximately $346,000.

Several other large investors have also made changes to their positions in KKR. Wellington Management Group LLP boosted its holdings in KKR & Co. Inc. by 297.0% during the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after buying an additional 3,794,837 shares in the last quarter. 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 buying an additional 475,118 shares in the last quarter. Jennison Associates LLC raised its position in KKR & Co. Inc. by 215.5% during the fourth quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager’s stock worth $28,242,000 after acquiring an additional 232,821 shares during the period. International Assets Investment Management LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $14,838,000. Finally, Factory Mutual Insurance Co. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $14,084,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on KKR. StockNews.com upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. JMP Securities upped their price objective on shares of 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. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Barclays increased their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, Morgan Stanley increased their target price 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 analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.00.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the stock in a transaction dated 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 completion of 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 document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’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 value of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.2 %

Shares of KKR stock opened at $99.69 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $88.23 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The company has a 50-day moving average of $97.81 and a two-hundred day moving average of $85.37. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. On average, analysts predict that KKR & Co. Inc. will post 4.15 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a $0.175 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date 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 (DPR) is presently 14.80%.

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.