National Asset Management Inc. boosted its position in shares of KKR & Co Inc (NYSE:KKR) by 4.9% in the 1st quarter, Holdings Channel reports. The firm owned 25,125 shares of the asset manager’s stock after buying an additional 1,171 shares during the period. National Asset Management Inc.’s holdings in KKR & Co Inc were worth $591,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. ETF Managers Group LLC grew its position in shares of KKR & Co Inc by 9.4% during the 1st quarter. ETF Managers Group LLC now owns 7,144 shares of the asset manager’s stock worth $168,000 after buying an additional 612 shares during the period. Focused Wealth Management Inc grew its position in shares of KKR & Co Inc by 1.0% during the 4th quarter. Focused Wealth Management Inc now owns 63,083 shares of the asset manager’s stock worth $1,238,000 after buying an additional 645 shares during the period. Rothschild Investment Corp IL grew its position in shares of KKR & Co Inc by 1.4% during the 4th quarter. Rothschild Investment Corp IL now owns 50,365 shares of the asset manager’s stock worth $989,000 after buying an additional 672 shares during the period. Keybank National Association OH grew its position in shares of KKR & Co Inc by 2.8% during the 4th quarter. Keybank National Association OH now owns 25,041 shares of the asset manager’s stock worth $492,000 after buying an additional 677 shares during the period. Finally, SOL Capital Management CO grew its position in shares of KKR & Co Inc by 0.4% during the 1st quarter. SOL Capital Management CO now owns 165,475 shares of the asset manager’s stock worth $3,887,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 75.72% of the company’s stock.
Shares of NYSE KKR opened at $24.04 on Friday. The company has a market cap of $13.54 billion, a P/E ratio of 12.46, a PEG ratio of 7.19 and a beta of 1.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.87. KKR & Co Inc has a 52-week low of $18.30 and a 52-week high of $28.73.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co Inc’s dividend payout ratio is currently 25.91%.
In related news, General Counsel David Sorkin sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $24.15, for a total transaction of $2,415,000.00. Following the completion of the transaction, the general counsel now owns 107,072 shares in the company, valued at $2,585,788.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 39.34% of the stock is currently owned by insiders.
Several brokerages have recently commented on KKR. Credit Suisse Group cut shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a research report on Tuesday. Sanford C. Bernstein cut shares of KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 2nd. Finally, Zacks Investment Research cut shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.78.
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KKR & Co Inc Profile
KKR & Co L.P. 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.
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