KKR & Co. Inc. (NYSE:KKR) Position Boosted by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 85.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,613 shares of the asset manager's stock after purchasing an additional 3,514 shares during the quarter. Avior Wealth Management LLC's holdings in KKR & Co. Inc. were worth $994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KKR. Versant Capital Management Inc grew its holdings in KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager's stock valued at $27,000 after purchasing an additional 218 shares during the last quarter. 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 valued at $27,000 after acquiring an additional 208 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at about $31,000. Raleigh Capital Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 56.7% in the third 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. Finally, Eastern Bank acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Down 0.4 %

KKR opened at $152.12 on Thursday. KKR & Co. Inc. has a 1 year low of $67.64 and a 1 year high of $156.54. The firm has a 50 day moving average price of $138.21 and a 200 day moving average price of $120.54. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $135.12 billion, a PE ratio of 46.24, a price-to-earnings-growth ratio of 1.21 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data 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 net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio is presently 21.28%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KKR. HSBC started coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a "buy" rating and a $148.00 target price on the stock. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, TD Cowen raised their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One investment 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $154.14.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. This represents a 14.29 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm's stock in a transaction dated 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 owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company's stock.

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.