Insigneo Advisory Services LLC Invests $420,000 in KKR & Co. Inc. (NYSE:KKR)

Insigneo Advisory Services LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,955 shares of the asset manager’s stock, valued at approximately $420,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its holdings in shares of 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 valued at $81,000 after purchasing an additional 89 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in shares of KKR & Co. Inc. by 2.1% during the second quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock worth $490,000 after buying an additional 94 shares during the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of KKR & Co. Inc. by 2.4% during the second 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 last quarter. Whittier Trust Co. increased 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 worth $241,000 after buying an additional 103 shares in the last quarter. Finally, First Bank & Trust lifted its stake 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 during the last quarter. Institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were bought 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. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction 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 owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was acquired 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 of the company’s stock, valued at approximately $1,034,644,621.92. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Evercore ISI boosted 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. Wells Fargo & Company started coverage on KKR & Co. Inc. in a report on Thursday, September 12th. They set an “equal weight” rating and a $130.00 price target on the stock. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Barclays lifted their target price on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Citigroup boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $128.27.

KKR & Co. Inc. Stock Performance

KKR stock opened at $131.36 on Friday. The firm has a market cap of $116.57 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $119.88 and a 200-day moving average price of $108.55. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $134.85.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.20. The firm 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 in the previous year, the firm earned $0.58 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 3.99 earnings per share for the current 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 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 of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is presently 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.