KKR & Co. Inc. (NYSE:KKR) Stock Holdings Lifted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,198 shares of the asset manager’s stock after buying an additional 966 shares during the period. J.W. Cole Advisors Inc.’s holdings in KKR & Co. Inc. were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in KKR. State of Alaska Department of Revenue raised its holdings in shares of KKR & Co. Inc. by 8.2% during the third quarter. State of Alaska Department of Revenue now owns 78,340 shares of the asset manager’s stock worth $10,229,000 after acquiring an additional 5,965 shares in the last quarter. Frank Rimerman Advisors LLC boosted its holdings in KKR & Co. Inc. by 24.7% in the third quarter. Frank Rimerman Advisors LLC now owns 2,819 shares of the asset manager’s stock worth $368,000 after purchasing an additional 559 shares in the last quarter. First Bank & Trust raised its holdings in KKR & Co. Inc. by 3.6% during the third quarter. First Bank & Trust now owns 6,770 shares of the asset manager’s stock valued at $884,000 after buying an additional 234 shares in the last quarter. PFG Investments LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth about $217,000. Finally, NorthCrest Asset Manangement LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth about $228,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KKR shares. HSBC began 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. Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. TD Cowen raised their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research report on Friday. Finally, Barclays raised their target price on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.29.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $139.88 on Monday. The company’s fifty day simple moving average is $128.49 and its 200 day simple moving average is $114.09. The company has a market cap of $124.14 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.20 and a beta of 1.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $147.15.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period in the previous year, the firm earned $0.73 EPS. On average, research analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be given a $0.175 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is currently 16.51%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, 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 SEC, which is available at the SEC website. In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

About KKR & Co. Inc.

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.