Trustmark National Bank Trust Department Acquires Shares of 3,012 KKR & Co. Inc. (NYSE:KKR)

Trustmark National Bank Trust Department acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,012 shares of the asset manager’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Covestor Ltd increased its position in shares of KKR & Co. Inc. by 309.8% during the 1st quarter. Covestor Ltd now owns 1,463 shares of the asset manager’s stock worth $147,000 after purchasing an additional 1,106 shares during the last quarter. NFC Investments LLC acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth about $517,000. TIAA Trust National Association increased its position in shares of KKR & Co. Inc. by 61.1% during the 1st quarter. TIAA Trust National Association now owns 165,895 shares of the asset manager’s stock worth $16,686,000 after purchasing an additional 62,941 shares during the last quarter. Spirepoint Private Client LLC acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth about $617,000. Finally, Leo Wealth LLC increased its position in shares of KKR & Co. Inc. by 15.9% during the 1st quarter. Leo Wealth LLC now owns 3,571 shares of the asset manager’s stock worth $359,000 after purchasing an additional 490 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

KKR stock traded up $0.98 on Tuesday, reaching $118.85. 1,541,721 shares of the company’s stock were exchanged, compared to its average volume of 4,950,837. The stock has a fifty day moving average of $107.33 and a 200-day moving average of $98.87. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $119.86. The firm has a market cap of $105.47 billion, a PE ratio of 26.66, a P/E/G ratio of 1.03 and a beta of 1.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The business had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. As a group, equities analysts predict that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s payout ratio is presently 15.70%.

Insiders Place Their Bets

In other news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now owns 9,688,618 shares in the company, valued at $247,641,076.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the sale, the insider now directly owns 366,567 shares in the company, valued at $30,557,025.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KKR shares. JMP Securities raised their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods raised their target price on KKR & Co. Inc. from $116.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Jefferies Financial Group lowered their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised their target price on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, Barclays raised their target price on KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.20.

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.