Stifel Financial Corp Boosts Stake in KKR & Co. Inc. (NYSE:KKR)

Stifel Financial Corp increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 12.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 337,657 shares of the asset manager's stock after purchasing an additional 37,889 shares during the period. Stifel Financial Corp's holdings in KKR & Co. Inc. were worth $44,092,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. boosted 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 during the period. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the third quarter worth $31,000. Eastern Bank purchased a new position in KKR & Co. Inc. during the third quarter valued at $34,000. Mather Group LLC. increased its holdings 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 acquiring an additional 208 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 0.6 %

Shares of KKR stock traded up $0.97 during trading hours on Friday, reaching $158.01. 4,057,762 shares of the stock were exchanged, compared to its average volume of 3,078,497. The firm has a market capitalization of $140.35 billion, a price-to-earnings ratio of 48.03, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 12-month low of $74.85 and a 12-month high of $163.68. The company's 50-day moving average price is $145.35 and its 200-day moving average price is $125.27. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion during 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 previous year, the business earned $0.73 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.28%.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value 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. This represents a 18.67 % 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 firm's stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Evercore ISI increased their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, October 14th. 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 report on Wednesday, September 18th. Barclays upped their price objective on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $154.14.

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.