Patton Fund Management Inc. Invests $6.30 Million in KKR & Co. Inc. (NYSE:KKR)

Patton Fund Management Inc. bought a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 48,229 shares of the asset manager's stock, valued at approximately $6,298,000. KKR & Co. Inc. comprises 1.3% of Patton Fund Management Inc.'s investment portfolio, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. Riverview Trust Co bought a new position in shares of KKR & Co. Inc. during the first quarter valued at approximately $27,000. Versant Capital Management Inc lifted its position in shares of KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager's stock worth $27,000 after purchasing an additional 218 shares during the period. Mather Group LLC. boosted its stake 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 purchasing an additional 208 shares in the last quarter. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the third quarter worth about $31,000. Finally, American National Bank lifted its holdings in KKR & Co. Inc. by 202.6% in the second 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. 76.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KKR. The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $137.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price objective for the company. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday. Argus upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a research note on Thursday, August 1st. Finally, Morgan Stanley boosted 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 research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $144.43.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost 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 of the company's stock, valued at approximately $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 hyperlink. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction that occurred 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 purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $2.17 during trading on Thursday, hitting $137.84. 3,135,661 shares of the company's stock traded hands, compared to its average volume of 4,389,875. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $139.82. The business has a 50-day simple moving average of $125.14 and a 200-day simple moving average of $112.12. The stock has a market capitalization of $122.32 billion, a P/E ratio of 30.88, a PEG ratio of 1.14 and a beta of 1.62. 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 announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $0.58 EPS. As a group, analysts forecast that KKR & Co. Inc. will post 3.97 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were given a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.51%. KKR & Co. Inc.'s payout ratio is 15.70%.

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.