KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,602 shares of the asset manager’s stock after purchasing an additional 7,254 shares during the period. Commonwealth Equity Services LLC’s holdings in KKR & Co. Inc. were worth $13,955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Premier Path Wealth Partners LLC raised its holdings in KKR & Co. Inc. by 2.4% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after buying an additional 99 shares during the period. Whittier Trust Co. raised its holdings in shares of KKR & Co. Inc. by 4.5% during the first quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock valued at $241,000 after acquiring an additional 103 shares during the period. First Bank & Trust lifted its position in shares of KKR & Co. Inc. by 1.6% in the 2nd quarter. First Bank & Trust now owns 6,536 shares of the asset manager’s stock valued at $688,000 after acquiring an additional 104 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its stake in KKR & Co. Inc. by 2.1% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 5,244 shares of the asset manager’s stock worth $552,000 after purchasing an additional 106 shares during the period. Finally, CWA Asset Management Group LLC grew its position in KKR & Co. Inc. by 0.9% during the 4th quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock worth $1,020,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 4.4 %

KKR & Co. Inc. stock opened at $118.27 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $128.79. The firm’s fifty day simple moving average is $114.35 and its 200-day simple moving average is $105.29. The company has a market capitalization of $104.95 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.03 and a beta of 1.62.

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, beating the consensus estimate of $0.89 by $0.20. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period last year, the company earned $0.58 earnings per share. Sell-side analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Analysts Set New Price Targets

Several brokerages have recently commented on KKR. Jefferies Financial Group decreased their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Evercore ISI raised their price objective on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. JMP Securities upped their target price on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Finally, TD Cowen boosted their price objective on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.93.

Insider Buying and Selling 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 39.34% of the company’s stock.

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.