KKR & Co. Inc. (NYSE:KKR) Shares Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 134.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,274 shares of the asset manager's stock after acquiring an additional 6,468 shares during the period. Prime Capital Investment Advisors LLC's holdings in KKR & Co. Inc. were worth $1,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KKR. Raleigh Capital Management Inc. grew its stake in shares of 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 during the period. ORG Wealth Partners LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at approximately $31,000. Versant Capital Management Inc raised its position 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 worth $27,000 after acquiring an additional 218 shares during the period. Eastern Bank purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $34,000. Finally, Mather Group LLC. grew its position in shares of 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 during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company'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 transaction, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, with a total value 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 trade represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research note on Monday. Argus upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a research note on Thursday, August 1st. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a report on Friday, October 25th. Finally, Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $152.93.

KKR & Co. Inc. Trading Down 0.3 %

NYSE KKR traded down $0.49 on Friday, hitting $150.03. 2,929,095 shares of the stock were exchanged, compared to its average volume of 4,268,642. KKR & Co. Inc. has a 52-week low of $65.91 and a 52-week high of $156.54. The firm has a market capitalization of $133.26 billion, a P/E ratio of 45.62, a P/E/G ratio of 1.22 and a beta of 1.61. 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 stock has a fifty day moving average price of $135.49 and a two-hundred day moving average price of $118.78.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced 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. The business had revenue of $4.79 billion during 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 last year, the firm earned $0.73 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.28%.

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.