HighTower Advisors LLC Has $11.14 Million Position in KKR & Co. Inc. (NYSE:KKR)

HighTower Advisors LLC lifted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 18.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,451 shares of the asset manager's stock after buying an additional 13,172 shares during the quarter. HighTower Advisors LLC's holdings in KKR & Co. Inc. were worth $11,140,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager's stock worth $27,000 after purchasing an additional 208 shares during the period. CWM LLC grew its position in shares of KKR & Co. Inc. by 8.1% in the second quarter. CWM LLC now owns 8,415 shares of the asset manager's stock valued at $886,000 after purchasing an additional 631 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of KKR & Co. Inc. by 5.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,234 shares of the asset manager's stock valued at $340,000 after acquiring an additional 169 shares during the period. QRG Capital Management Inc. grew its holdings in KKR & Co. Inc. by 14.9% during the 2nd quarter. QRG Capital Management Inc. now owns 20,560 shares of the asset manager's stock worth $2,164,000 after acquiring an additional 2,663 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of KKR & Co. Inc. by 80.3% in the 2nd quarter. SG Americas Securities LLC now owns 97,480 shares of the asset manager's stock valued at $10,259,000 after buying an additional 43,428 shares during the period. Institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the topic of several research analyst reports. Barclays raised their price objective on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price target on the stock. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a report on Monday, November 11th. Finally, Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $154.14.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction 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 of the company's stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 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, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $0.97 during trading on Friday, reaching $158.01. The stock had a trading volume of 4,057,762 shares, compared to its average volume of 3,078,497. 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 one year low of $74.85 and a one year high of $163.68. The firm's 50 day moving average price is $145.35 and its two-hundred day moving average price is $125.40. The stock has a market cap of $140.35 billion, a PE ratio of 48.03, a P/E/G ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s payout ratio is 21.28%.

KKR & Co. Inc. Company 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.