Signaturefd LLC Boosts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Signaturefd LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 16.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,104 shares of the asset manager’s stock after purchasing an additional 1,149 shares during the quarter. Signaturefd LLC’s holdings in KKR & Co. Inc. were worth $1,058,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at about $27,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after purchasing an additional 111,881 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $212,000. Garrison Bradford & Associates Inc. purchased a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $226,000. Finally, First Bank & Trust increased its position in shares of KKR & Co. Inc. by 13.7% during the 1st quarter. First Bank & Trust now owns 6,432 shares of the asset manager’s stock valued at $647,000 after purchasing an additional 774 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KKR shares. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Citigroup increased their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, HSBC assumed coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.43.

KKR & Co. Inc. Trading Down 1.2 %

NYSE KKR opened at $138.53 on Thursday. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $141.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $122.93 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. The company’s 50-day simple moving average is $127.61 and its two-hundred day simple moving average is $113.53.

KKR & Co. Inc. (NYSE:KKR) last announced its 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $0.58 EPS. Equities analysts forecast that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders 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 dividend on an annualized basis and a yield of 0.51%. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

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

KKR & Co. Inc. Company 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.