EntryPoint Capital LLC Has $90,000 Stock Position in KKR & Co. Inc. (NYSE:KKR)

EntryPoint Capital LLC lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 70.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 894 shares of the asset manager’s stock after selling 2,086 shares during the quarter. EntryPoint Capital LLC’s holdings in KKR & Co. Inc. were worth $90,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KKR. CVA Family Office LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $48,000. Raymond James Financial Services Advisors Inc. increased its position in shares of KKR & Co. Inc. by 77.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 69,594 shares of the asset manager’s stock valued at $5,766,000 after buying an additional 30,368 shares in the last quarter. Washington Trust Advisors Inc. increased its position in shares of KKR & Co. Inc. by 258.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager’s stock valued at $52,000 after buying an additional 452 shares in the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $222,000. Finally, 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 valued at $26,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KKR. Evercore ISI increased their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Barclays increased their target price on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their target price on KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. JMP Securities increased their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $116.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.20.

Insiders Place Their Bets

In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was purchased 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 directly owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the sale, the insider now owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 purchase, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR traded up $2.40 during mid-day trading on Friday, hitting $119.11. The stock had a trading volume of 1,296,731 shares, compared to its average volume of 4,921,402. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $119.87. The stock has a market cap of $105.70 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.03 and a beta of 1.62. The company’s 50 day simple moving average is $108.05 and its 200 day simple moving average is $99.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). The company 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%. On average, equities research analysts forecast that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, May 10th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

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.