United Services Automobile Association Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

United Services Automobile Association purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,494 shares of the asset manager's stock, valued at approximately $2,023,000.

Several other hedge funds have also made changes to their positions in the company. Mather Group LLC. grew its stake in 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 acquiring an additional 208 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. during the third quarter valued at approximately $31,000. Raleigh Capital Management Inc. increased 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 valued at $31,000 after buying an additional 85 shares during the period. Eastern Bank purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $34,000. Finally, American National Bank boosted its stake in shares of KKR & Co. Inc. by 202.6% during the 2nd quarter. American National Bank now owns 351 shares of the asset manager's stock valued at $37,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR traded up $0.97 during trading on Friday, reaching $158.01. 4,057,762 shares of the company's stock were exchanged, compared to its average volume of 3,078,497. The company has a market capitalization of $140.35 billion, a P/E ratio of 48.03, a PEG 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. The business has a 50 day moving average price of $145.35 and a 200 day moving average price of $125.27. KKR & Co. Inc. has a fifty-two week low of $74.85 and a fifty-two week high of $163.68.

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

KKR & Co. Inc. Announces Dividend

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

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company's stock in a transaction dated 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 acquisition, the insider now owns 92,959,984 shares of the company's stock, 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 owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KKR. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $139.00 to $152.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. TD Cowen increased their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $154.14.

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.