KKR & Co. Inc. (NYSE:KKR) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,413 shares of the asset manager's stock after buying an additional 5,530 shares during the period. MML Investors Services LLC's holdings in KKR & Co. Inc. were worth $9,194,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $31,000. Raleigh Capital Management Inc. raised its position in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Eastern Bank bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at $34,000. American National Bank lifted its holdings in shares of KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager's stock worth $37,000 after buying an additional 235 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of KKR & Co. Inc. during the 2nd quarter worth $38,000. Institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on KKR shares. Barclays increased their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday. StockNews.com upgraded shares of KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, HSBC initiated coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price target on the stock. One research 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 stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $155.50.

Insiders Place Their Bets

In other news, 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 sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Up 3.7 %

Shares of KKR stock traded up $5.58 during trading hours on Wednesday, reaching $157.39. 4,174,976 shares of the company's stock were exchanged, compared to its average volume of 4,230,944. KKR & Co. Inc. has a 1 year low of $76.87 and a 1 year high of $163.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $139.80 billion, a PE ratio of 47.84, a PEG ratio of 1.25 and a beta of 1.63. The stock's fifty day moving average price is $146.73 and its two-hundred day moving average price is $126.28.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results 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 company had revenue of $4.79 billion for 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 firm earned $0.73 EPS. Research analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were paid a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.28%.

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.