SpiderRock Advisors LLC Buys New Stake in KKR & Co. Inc. (NYSE:KKR)

SpiderRock Advisors LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,416 shares of the asset manager's stock, valued at approximately $3,319,000.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc increased its position in KKR & Co. Inc. by 622.9% during the second 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 last quarter. Mather Group LLC. grew its stake in shares of 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 period. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. raised its position 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 buying an additional 85 shares during the period. Finally, Eastern Bank purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 1.0 %

KKR & Co. Inc. stock traded up $1.49 during mid-day trading on Friday, reaching $152.20. 3,253,622 shares of the company's stock were exchanged, compared to its average volume of 3,004,144. The company has a market cap of $135.19 billion, a P/E ratio of 46.26, a P/E/G ratio of 1.23 and a beta of 1.61. KKR & Co. Inc. has a twelve month low of $62.24 and a twelve month high of $153.51. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average of $132.81 and a 200-day moving average of $117.35.

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 (EPS) 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 net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the business earned $0.73 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 4.12 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be issued a $0.175 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. KKR & Co. Inc.'s payout ratio is 21.28%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KKR shares. HSBC initiated coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a "buy" rating and a $148.00 target price for the company. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. Wells Fargo & Company lifted 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 report on Friday, October 25th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $151.64.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm's stock in a transaction on 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 directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated 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 acquisition, the insider now owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 25,260,971 shares in the company, 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. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Company 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.