Shepherd Financial Partners LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

Shepherd Financial Partners LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, HoldingsChannel reports. The fund bought 2,220 shares of the asset manager’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in shares of KKR & Co. Inc. by 6.8% in the first 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 during the period. Sei Investments Co. lifted its stake in shares of KKR & Co. Inc. by 19.9% in the first 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 period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of KKR & Co. Inc. by 42.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager’s stock valued at $4,206,000 after purchasing an additional 12,504 shares during the period. Swedbank AB lifted its stake in shares of KKR & Co. Inc. by 33.5% in the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after purchasing an additional 16,424 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of KKR & Co. Inc. by 116.8% in the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock valued at $3,117,000 after purchasing an additional 15,959 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. HSBC assumed coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective for the company. Morgan Stanley lifted their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Citigroup lifted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.64.

KKR & Co. Inc. Trading Down 0.5 %

NYSE KKR opened at $137.58 on Friday. The company’s fifty day simple moving average is $130.44 and its 200-day simple moving average is $115.41. KKR & Co. Inc. has a 52 week low of $57.49 and a 52 week high of $147.15. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a market cap of $122.09 billion, a P/E ratio of 41.82, a PEG ratio of 1.16 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.86%. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $0.73 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be issued a $0.175 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.51%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their position. The transaction 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 stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. 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.