Cross Staff Investments Inc Has $2.16 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Cross Staff Investments Inc lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 11.8% during the third quarter, HoldingsChannel reports. The fund owned 16,544 shares of the asset manager’s stock after selling 2,213 shares during the quarter. KKR & Co. Inc. makes up about 1.7% of Cross Staff Investments Inc’s portfolio, making the stock its 13th biggest holding. Cross Staff Investments Inc’s holdings in KKR & Co. Inc. were worth $2,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Advisor Resource Council acquired a new position in shares of KKR & Co. Inc. during the first quarter valued at about $1,001,000. Wealth Enhancement Advisory Services LLC increased its stake in KKR & Co. Inc. by 352.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after acquiring an additional 111,881 shares during the period. Janney Montgomery Scott LLC raised its holdings in 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 acquiring an additional 6,406 shares in the last quarter. Sei Investments Co. raised its holdings in KKR & Co. Inc. by 19.9% in the 1st quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager’s stock valued at $104,355,000 after acquiring an additional 171,902 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of KKR & Co. Inc. by 42.7% in 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 acquiring an additional 12,504 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $143.22 on Friday. The business has a fifty day moving average of $128.07 and a 200-day moving average of $113.73. The firm has a market cap of $127.09 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. 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 twelve month low of $53.72 and a twelve month high of $147.15.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates 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 prior year, the business earned $0.58 earnings per share. On average, equities research analysts predict that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.49%. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $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 insiders.

Analyst Ratings Changes

KKR has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective 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. 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. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Morgan Stanley increased their price target 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. Finally, Evercore ISI raised their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.43.

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.