BLB&B Advisors LLC Invests $204,000 in KKR & Co. Inc. (NYSE:KKR)

BLB&B Advisors LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,560 shares of the asset manager’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in shares of KKR & Co. Inc. in the first quarter valued at about $27,000. Wealth Enhancement Advisory Services LLC raised its holdings in 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 acquiring an additional 111,881 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in KKR & Co. Inc. in the 1st quarter worth approximately $212,000. Garrison Bradford & Associates Inc. acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $226,000. Finally, First Bank & Trust grew its position in shares of KKR & Co. Inc. by 13.7% in the first 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 in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.2 %

NYSE:KKR opened at $138.53 on Thursday. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $141.68. The stock’s fifty day moving average is $127.61 and its two-hundred day moving average is $113.53. The stock 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 has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned $0.58 EPS. Research analysts anticipate that KKR & Co. Inc. will post 3.97 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the 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 sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related 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 stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. 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 transaction, the insider now directly owns 92,959,984 shares in the company, valued at $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. Company insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Evercore ISI lifted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. TD Cowen boosted their price target 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. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.43.

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.