2,275 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by Naviter Wealth LLC

Naviter Wealth LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,275 shares of the asset manager’s stock, valued at approximately $297,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Advisor Resource Council acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth $1,001,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of KKR & Co. Inc. by 352.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock worth $14,444,000 after acquiring an additional 111,881 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of KKR & Co. Inc. by 6.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock valued at $10,113,000 after purchasing an additional 6,406 shares in the last quarter. Sei Investments Co. grew its holdings in shares of KKR & Co. Inc. by 19.9% during the 1st quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager’s stock valued at $104,355,000 after purchasing an additional 171,902 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in KKR & Co. Inc. by 42.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager’s stock worth $4,206,000 after purchasing an additional 12,504 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday. Evercore ISI boosted their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $130.00 to $139.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Finally, HSBC assumed coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $144.43.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $137.81 on Friday. The firm has a 50 day moving average of $125.64 and a 200-day moving average of $112.30. The company has a market cap of $122.29 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $139.82.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.20. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period in the previous year, the firm posted $0.58 earnings per share. On average, equities analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

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.