13,874 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,874 shares of the asset manager's stock, valued at approximately $1,812,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in shares of KKR & Co. Inc. by 6.4% in the second 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 during the period. Capital World Investors increased its stake in shares of KKR & Co. Inc. by 7.4% during 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 acquiring an additional 1,139,784 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of KKR & Co. Inc. by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager's stock worth $628,147,000 after acquiring an additional 323,189 shares during the period. Bank of New York Mellon Corp boosted its position in shares of KKR & Co. Inc. by 64.7% in the second 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 last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its holdings in KKR & Co. Inc. by 3.7% in the second 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 purchasing an additional 127,726 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 1.0 %

KKR stock traded up $1.49 during midday trading on Friday, hitting $152.20. 3,253,622 shares of the company's stock were exchanged, compared to its average volume of 3,004,144. The firm has a 50 day moving average price of $132.81 and a 200-day moving average price of $117.35. KKR & Co. Inc. has a 12-month low of $62.24 and a 12-month high of $153.51. The stock has a market capitalization of $135.19 billion, a price-to-earnings ratio of 46.26, a price-to-earnings-growth ratio of 1.23 and a beta of 1.61. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

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 (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the company posted $0.73 earnings per share. On average, analysts anticipate that KKR & Co. Inc. will post 4.12 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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 given a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. KKR & Co. Inc.'s payout ratio is 21.28%.

Analyst Ratings Changes

KKR has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. StockNews.com upgraded KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. HSBC started coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price objective on the stock. Finally, Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $151.64.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business's 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction 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 sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm's stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares in the company, 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. Insiders own 39.34% of the company's stock.

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.