KKR & Co. Inc. (NYSE:KKR) Shares Bought by Professional Financial Advisors LLC

Professional Financial Advisors LLC increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,548 shares of the asset manager’s stock after buying an additional 203 shares during the quarter. Professional Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in shares of KKR & Co. Inc. by 622.9% during the 2nd 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 period. Mather Group LLC. grew its stake in shares of KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares during the period. Riverview Trust Co acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV grew its stake in shares of KKR & Co. Inc. by 65.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 452 shares of the asset manager’s stock worth $48,000 after purchasing an additional 179 shares during the period. Finally, Missouri Trust & Investment Co grew its stake in shares of KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after purchasing an additional 368 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KKR shares. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Barclays raised their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Evercore ISI lifted their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Tuesday. Finally, JMP Securities lifted their price target on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, the insider now owns 9,688,618 shares in the company, valued at $247,641,076.08. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock traded down $1.10 during midday trading on Friday, reaching $119.12. The stock had a trading volume of 2,462,748 shares, compared to its average volume of 4,878,207. The company’s fifty day simple moving average is $111.37 and its 200 day simple moving average is $102.72. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The company has a market cap of $105.71 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.07 and a beta of 1.62. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.58 EPS. As a group, sell-side analysts predict that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.175 per share. The ex-dividend date is Monday, August 12th. This represents a $0.70 annualized dividend and a dividend yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

About KKR & Co. Inc.

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.