Benjamin Edwards Inc. Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Benjamin Edwards Inc. raised its stake in KKR & Co. Inc. (NYSE:KKR) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,778 shares of the asset manager’s stock after purchasing an additional 163 shares during the quarter. Benjamin Edwards Inc.’s holdings in KKR & Co. Inc. were worth $292,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado raised its position in KKR & Co. Inc. by 0.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 84,706 shares of the asset manager’s stock valued at $8,914,000 after purchasing an additional 512 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in KKR & Co. Inc. by 13.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 89 shares during the period. Brighton Jones LLC purchased a new position in KKR & Co. Inc. in the second quarter valued at about $228,000. Intech Investment Management LLC raised its position in KKR & Co. Inc. by 18.7% in the second quarter. Intech Investment Management LLC now owns 34,414 shares of the asset manager’s stock valued at $3,622,000 after purchasing an additional 5,426 shares during the period. Finally, XTX Topco Ltd raised its position in KKR & Co. Inc. by 116.8% in the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock valued at $3,117,000 after purchasing an additional 15,959 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KKR has been the topic of several research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Evercore ISI raised their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday. TD Cowen raised their target price on KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Oppenheimer raised their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $128.27.

KKR & Co. Inc. Stock Up 0.3 %

NYSE:KKR opened at $133.23 on Friday. The company has a market capitalization of $118.23 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $133.84. The stock has a 50-day simple moving average of $118.86 and a 200 day simple moving average of $107.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate 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 firm earned $0.58 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 4.01 EPS 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 dividend on an annualized basis and a yield of 0.53%. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 transaction of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

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.