Coastline Trust Co Has $2.90 Million Position in KKR & Co. Inc. (NYSE:KKR)

Coastline Trust Co grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 61.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 22,200 shares of the asset manager's stock after buying an additional 8,481 shares during the period. Coastline Trust Co's holdings in KKR & Co. Inc. were worth $2,899,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KKR. Spirepoint Private Client LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $617,000. TIAA Trust National Association raised its stake in KKR & Co. Inc. by 61.1% during the first quarter. TIAA Trust National Association now owns 165,895 shares of the asset manager's stock worth $16,686,000 after acquiring an additional 62,941 shares in the last quarter. NFC Investments LLC bought a new position in shares of KKR & Co. Inc. during the first quarter valued at $517,000. Covestor Ltd boosted its stake in shares of KKR & Co. Inc. by 309.8% in the 1st quarter. Covestor Ltd now owns 1,463 shares of the asset manager's stock valued at $147,000 after purchasing an additional 1,106 shares in the last quarter. Finally, Trustmark National Bank Trust Department bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth about $303,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 0.3 %

NYSE:KKR traded down $0.50 on Friday, hitting $150.02. 2,929,182 shares of the stock were exchanged, compared to its average volume of 4,268,642. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52 week low of $65.91 and a 52 week high of $156.54. The stock has a market capitalization of $133.25 billion, a price-to-earnings ratio of 45.60, a P/E/G ratio of 1.22 and a beta of 1.61. The company's 50-day moving average price is $136.16 and its 200 day moving average price is $119.17.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results 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 5.77%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. On average, equities research analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared 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 0.47%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.28%.

Insider Transactions at KKR & Co. Inc.

In other news, 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 stock was purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KKR has been the subject of several analyst reports. Redburn Atlantic initiated 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Hsbc Global Res raised KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. One 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $152.93.

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.