Aaron Wealth Advisors LLC Acquires 457 Shares of KKR & Co. Inc. (NYSE:KKR)

Aaron Wealth Advisors LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 14.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,688 shares of the asset manager’s stock after buying an additional 457 shares during the period. Aaron Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the 3rd quarter valued at about $31,000. Versant Capital Management Inc lifted its holdings in 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 last quarter. Mather Group LLC. boosted its stake 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 purchasing an additional 208 shares during the period. Riverview Trust Co bought a new position in KKR & Co. Inc. during the 1st quarter worth $27,000. Finally, American National Bank lifted its holdings in shares of KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after buying an additional 235 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Activity

In other KKR & Co. Inc. 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 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 of the company’s stock, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related 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 stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $139.86 on Friday. The company has a market capitalization of $124.11 billion, a PE ratio of 31.36, a P/E/G ratio of 1.14 and a beta of 1.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $126.16 and a two-hundred day moving average price of $112.58. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $140.15.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm posted $0.58 EPS. Analysts expect that KKR & Co. Inc. will post 3.97 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were given a $0.175 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. JMP Securities raised their target price on shares of KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Evercore ISI boosted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Redburn Atlantic initiated coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $144.43.

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.