EverSource Wealth Advisors LLC Has $10.46 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

EverSource Wealth Advisors LLC boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,431 shares of the asset manager’s stock after purchasing an additional 1,876 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $10,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc lifted its holdings 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 buying an additional 218 shares during the last quarter. Mather Group LLC. raised its stake 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 buying an additional 208 shares in the last quarter. Riverview Trust Co acquired a new stake in KKR & Co. Inc. during the first quarter valued at approximately $27,000. American National Bank grew its position in KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 235 shares during the period. Finally, Y.D. More Investments Ltd acquired a new position in KKR & Co. Inc. in the second quarter valued at about $38,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KKR shares. TD Cowen raised 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. Barclays lifted their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. JMP Securities raised their price target on KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $128.27.

Insider Activity

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

KKR & Co. Inc. Stock Up 0.3 %

Shares of NYSE:KKR opened at $133.23 on Friday. The company has a market cap of $118.23 billion, a PE ratio of 29.87, a P/E/G ratio of 0.99 and a beta of 1.62. The stock’s 50-day moving average is $118.86 and its 200 day moving average is $107.83. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $133.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $0.58 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 4.01 EPS for the current 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 dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

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.