Transcend Capital Advisors LLC Acquires 677 Shares of KKR & Co. Inc. (NYSE:KKR)

Transcend Capital Advisors LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 8.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,321 shares of the asset manager’s stock after acquiring an additional 677 shares during the period. Transcend Capital Advisors LLC’s holdings in KKR & Co. Inc. were worth $876,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after buying an additional 211 shares during the period. Riverview Trust Co acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Missouri Trust & Investment Co increased its position in shares of KKR & Co. Inc. by 408.9% during the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after buying an additional 368 shares during the period. Finally, First United Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $41,000. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday. JMP Securities raised their price target on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday. The Goldman Sachs Group raised their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen raised their price target on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Oppenheimer raised their price target on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.00.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at $413,501,375.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 37,554,644 shares of company stock valued at $1,725,355,039. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 1.4 %

Shares of KKR traded down $1.56 during trading hours on Monday, reaching $107.06. 3,657,985 shares of the stock traded hands, compared to its average volume of 4,944,405. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $109.59 and a 200 day simple moving average of $101.15. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $128.79. The company has a market cap of $95.01 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.07 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm earned $0.58 earnings per share. On average, equities analysts forecast that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.65%. The ex-dividend date is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

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.