Angeles Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,221 shares of the asset manager's stock, valued at approximately $682,000.
Other large investors have also made changes to their positions in the company. OLD National Bancorp IN boosted its position in shares of KKR & Co. Inc. by 1.3% during the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager's stock worth $846,000 after acquiring an additional 85 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake 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 worth $31,000 after purchasing an additional 85 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager's stock valued at $81,000 after purchasing an additional 89 shares during the last quarter. Crestwood Advisors Group LLC grew its position in shares of KKR & Co. Inc. by 2.1% during the second quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager's stock valued at $490,000 after purchasing an additional 94 shares in the last quarter. Finally, Centaurus Financial Inc. grew its position in shares of KKR & Co. Inc. by 1.3% during the second quarter. Centaurus Financial Inc. now owns 7,715 shares of the asset manager's stock valued at $812,000 after purchasing an additional 98 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at KKR & Co. Inc.
In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm's stock in a transaction dated 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 completion of the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a document filed 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 KKR & Co. Inc. 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 completion of the sale, 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 disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Citigroup increased their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. Barclays raised their target price 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. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, HSBC initiated coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a "buy" rating and a $148.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $151.64.
Get Our Latest Stock Analysis on KKR
KKR & Co. Inc. Trading Down 0.5 %
Shares of KKR traded down $0.66 during mid-day trading on Friday, reaching $137.58. 2,672,861 shares of the company's stock traded hands, compared to its average volume of 2,704,157. KKR & Co. Inc. has a 12 month low of $57.49 and a 12 month high of $147.15. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $122.09 billion, a P/E ratio of 41.82, a P/E/G ratio of 1.14 and a beta of 1.61. The stock's 50-day moving average is $130.44 and its two-hundred day moving average is $115.69.
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 analysts' consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $0.73 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.
KKR & Co. Inc. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. KKR & Co. Inc.'s dividend payout ratio is currently 21.28%.
About KKR & Co. Inc.
(
Free Report)
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.
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