Angeles Wealth Management LLC Invests $682,000 in KKR & Co. Inc. (NYSE:KKR)

Angeles Wealth Management LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,221 shares of the asset manager’s stock, valued at approximately $682,000.

Several other hedge funds also recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position 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 worth $10,113,000 after acquiring an additional 6,406 shares in the last quarter. Sei Investments Co. increased its position 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 worth $104,355,000 after acquiring an additional 171,902 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position 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 worth $4,206,000 after acquiring an additional 12,504 shares in the last quarter. Swedbank AB increased its position 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 worth $6,886,000 after acquiring an additional 16,424 shares in the last quarter. Finally, XTX Topco Ltd increased its position 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 worth $3,117,000 after acquiring an additional 15,959 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KKR. TD Cowen lifted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Oppenheimer boosted their price objective 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, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.64.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $0.66 on Friday, reaching $137.58. The stock had a trading volume of 2,672,861 shares, compared to its average volume of 2,704,157. The business’s 50-day moving average price is $130.44 and its two-hundred day moving average price is $115.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $57.49 and a fifty-two week high of $147.15. The stock has a market cap of $122.09 billion, a P/E ratio of 41.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.73 earnings per share. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s 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 transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s 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 transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, 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 owned by corporate insiders.

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.