Bokf Na Has $1.04 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Bokf Na increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 240.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 10,405 shares of the asset manager’s stock after acquiring an additional 7,347 shares during the quarter. Bokf Na’s holdings in KKR & Co. Inc. were worth $1,040,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. lifted its position in shares of KKR & Co. Inc. by 4.5% in the 1st quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after purchasing an additional 103 shares during the period. CWA Asset Management Group LLC grew its stake in shares of KKR & Co. Inc. by 0.9% in the 4th quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock worth $1,020,000 after acquiring an additional 114 shares in the last quarter. E&G Advisors LP grew its stake in shares of KKR & Co. Inc. by 1.5% in the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after acquiring an additional 126 shares in the last quarter. Montag A & Associates Inc. grew its stake in shares of KKR & Co. Inc. by 4.8% in the 4th quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager’s stock worth $232,000 after acquiring an additional 128 shares in the last quarter. Finally, Cross Staff Investments Inc boosted its holdings in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock worth $1,617,000 after buying an additional 130 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the transaction, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. 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 stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the transaction, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. 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 purchased 1,956,182 shares of KKR & Co. Inc. stock in a transaction on Tuesday, June 4th. The shares were acquired 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.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded down $0.51 on Monday, reaching $118.00. The stock had a trading volume of 486,088 shares, compared to its average volume of 4,905,765. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $120.14. The company has a market cap of $104.71 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.06 and a beta of 1.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $108.33 and its two-hundred day moving average is $99.87.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). The company had revenue of $986.51 million during the quarter, compared to the consensus estimate 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, research analysts anticipate that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.59%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen cut their price target on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Barclays boosted their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Jefferies Financial Group cut their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $101.20.

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.