Meadow Creek Wealth Advisors LLC Has $401,000 Holdings in KKR & Co. Inc. (NYSE:KKR)

Meadow Creek Wealth Advisors LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,070 shares of the asset manager’s stock after purchasing an additional 232 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Riverview Trust Co acquired a new position in KKR & Co. Inc. during the first quarter worth about $27,000. Versant Capital Management Inc raised its stake 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 acquiring an additional 218 shares in the last quarter. Mather Group LLC. raised its stake in KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the third quarter worth about $31,000. Finally, Raleigh Capital Management Inc. raised its stake in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $141.00 on Wednesday. The business’s 50 day simple moving average is $127.21 and its 200 day simple moving average is $113.35. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $141.68. The stock has a market capitalization of $125.12 billion, a PE ratio of 31.43, a PEG ratio of 1.14 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business posted $0.58 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s payout ratio is presently 15.70%.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. Redburn Atlantic initiated coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. The Goldman Sachs Group boosted their price target on KKR & Co. Inc. from $137.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.43.

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.