KKR & Co. Inc. (NYSE:KKR) Stake Boosted by Atria Investments Inc

Atria Investments Inc raised its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,329 shares of the asset manager's stock after buying an additional 4,235 shares during the period. Atria Investments Inc's holdings in KKR & Co. Inc. were worth $5,919,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager's stock valued at $1,755,838,000 after purchasing an additional 996,871 shares in the last quarter. Capital World Investors raised its position in KKR & Co. Inc. by 7.4% in the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager's stock valued at $1,674,144,000 after purchasing an additional 1,139,784 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of KKR & Co. Inc. by 5.7% during the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager's stock worth $628,147,000 after buying an additional 323,189 shares during the period. Bank of New York Mellon Corp lifted its position in KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock worth $424,835,000 after acquiring an additional 1,585,447 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in KKR & Co. Inc. by 3.7% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager's stock valued at $380,442,000 after buying an additional 127,726 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business's stock in a transaction 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 completion of the purchase, the insider now owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction on 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 transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was 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 ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Down 1.8 %

Shares of KKR & Co. Inc. stock traded down $2.73 on Tuesday, hitting $153.17. 2,167,649 shares of the company's stock traded hands, compared to its average volume of 4,291,197. The stock has a market cap of $136.05 billion, a P/E ratio of 47.40, a PEG ratio of 1.23 and a beta of 1.61. The firm's 50-day moving average is $133.46 and its 200 day moving average is $117.92. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52-week low of $62.92 and a 52-week high of $156.54.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio is presently 21.28%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several analyst reports. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a report on Friday, October 25th. Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. Morgan Stanley raised their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Evercore ISI boosted their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, TD Cowen lifted their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a research report on Friday, October 25th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.93.

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.