KKR & Co. Inc. (NYSE:KKR) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.0% in the third quarter, Holdings Channel.com reports. The fund owned 93,093 shares of the asset manager’s stock after selling 962 shares during the quarter. KKR & Co. Inc. makes up approximately 2.2% of Mirador Capital Partners LP’s portfolio, making the stock its 11th biggest holding. Mirador Capital Partners LP’s holdings in KKR & Co. Inc. were worth $12,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. Benjamin F. Edwards & Company Inc. lifted its holdings in KKR & Co. Inc. by 13.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after buying an additional 89 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of KKR & Co. Inc. by 2.1% in the second quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock valued at $490,000 after acquiring an additional 94 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in KKR & Co. Inc. by 1.3% in the second quarter. Centaurus Financial Inc. now owns 7,715 shares of the asset manager’s stock valued at $812,000 after purchasing an additional 98 shares during the period. Premier Path Wealth Partners LLC grew its stake 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 purchasing an additional 99 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in KKR & Co. Inc. by 4.5% during the 1st quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded up $2.38 during trading hours on Friday, hitting $133.28. The stock had a trading volume of 2,096,768 shares, compared to its average volume of 4,479,047. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $118.27 billion, a PE ratio of 29.88, a PEG ratio of 1.11 and a beta of 1.62. The stock’s 50 day moving average is $121.95 and its 200 day moving average is $110.14. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $134.85.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating 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 company 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 business posted $0.58 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 3.99 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. Shareholders of record on Monday, August 12th were paid a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. 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 sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on KKR. Barclays lifted their price objective on KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. JMP Securities boosted their price target on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Citigroup raised their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Finally, Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a report on Thursday, September 12th. They issued an “equal weight” rating and a $130.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $132.64.

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.