Fifth Third Wealth Advisors LLC Acquires 361 Shares of KKR & Co. Inc. (NYSE:KKR)

Fifth Third Wealth Advisors LLC grew its stake in KKR & Co. Inc. (NYSE:KKR) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,542 shares of the asset manager’s stock after acquiring an additional 361 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $985,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Raleigh Capital Management Inc. grew its holdings in KKR & Co. Inc. by 56.7% in the third 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 last quarter. ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. in the third quarter worth about $31,000. Versant Capital Management Inc grew its stake in shares of 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 during the last quarter. Eastern Bank acquired a new position in shares of KKR & Co. Inc. during the third quarter valued at about $34,000. Finally, Mather Group LLC. raised its position in shares of 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 last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 0.2 %

KKR opened at $152.76 on Wednesday. The company has a market cap of $135.69 billion, a PE ratio of 46.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. KKR & Co. Inc. has a twelve month low of $66.75 and a twelve month high of $156.54. The company has a 50-day moving average price of $136.84 and a 200 day moving average price of $119.91. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.73 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s 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 completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KKR. Morgan Stanley upped their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Citigroup boosted 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. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen raised 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 report on Friday, October 25th. Finally, HSBC began coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.14.

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.