Orion Portfolio Solutions LLC Increases Holdings in KKR & Co. Inc. (NYSE:KKR)

Orion Portfolio Solutions LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,379 shares of the asset manager's stock after buying an additional 7,425 shares during the quarter. Orion Portfolio Solutions LLC's holdings in KKR & Co. Inc. were worth $8,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KKR. Raleigh Capital Management Inc. raised its position 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 valued at $31,000 after purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $31,000. Eastern Bank acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $34,000. Mather Group LLC. grew its position in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager's stock valued at $27,000 after buying an additional 208 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 3.6 %

Shares of KKR traded down $5.64 on Monday, hitting $152.37. 6,142,860 shares of the stock traded hands, compared to its average volume of 4,230,751. KKR & Co. Inc. has a 1 year low of $76.60 and a 1 year high of $163.68. The stock's 50 day moving average is $145.78 and its two-hundred day moving average is $125.75. The firm has a market capitalization of $135.34 billion, a P/E ratio of 46.31, a P/E/G ratio of 1.25 and a beta of 1.63. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly 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 company 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 5.77% and a net margin of 13.21%. During the same quarter in the prior year, the company posted $0.73 EPS. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 18.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost 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 in the company, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KKR. StockNews.com upgraded shares of KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price objective for the company. The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Oppenheimer upped their price objective on KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Finally, Morgan Stanley raised their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $155.50.

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.