Janney Montgomery Scott LLC Grows Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Janney Montgomery Scott LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,488 shares of the asset manager's stock after acquiring an additional 4,763 shares during the period. Janney Montgomery Scott LLC's holdings in KKR & Co. Inc. were worth $13,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OLD National Bancorp IN grew its holdings in KKR & Co. Inc. by 1.3% in the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager's stock worth $846,000 after purchasing an additional 85 shares during the period. Raleigh Capital Management Inc. increased its position in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock valued at $31,000 after buying an additional 85 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in KKR & Co. Inc. by 13.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager's stock valued at $81,000 after buying an additional 89 shares in the last quarter. Crestwood Advisors Group LLC increased its position in KKR & Co. Inc. by 2.1% in the 2nd quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager's stock valued at $490,000 after buying an additional 94 shares in the last quarter. Finally, Centaurus Financial Inc. raised its stake in KKR & Co. Inc. by 1.3% during the 2nd quarter. Centaurus Financial Inc. now owns 7,715 shares of the asset manager's stock worth $812,000 after buying an additional 98 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded down $1.56 during midday trading on Thursday, reaching $150.71. The company's stock had a trading volume of 3,191,335 shares, compared to its average volume of 4,308,070. KKR & Co. Inc. has a 12-month low of $61.94 and a 12-month high of $153.51. The firm has a 50 day moving average price of $132.24 and a 200-day moving average price of $116.81. The stock has a market capitalization of $133.75 billion, a P/E ratio of 45.81, a PEG ratio of 1.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.86% and a net margin of 13.21%. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 4.04 earnings per share 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. Investors of record on Monday, November 4th will be given a dividend of $0.175 per share. The ex-dividend date is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.46%. KKR & Co. Inc.'s payout ratio is currently 21.28%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI boosted their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Barclays lifted their price objective on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, HSBC began coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a "buy" rating and a $148.00 target price for the company. One equities 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.64.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were purchased 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 directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm's stock in a transaction on 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 transaction, the insider now directly 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 SEC, which is accessible through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents 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 corporate 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.