Inscription Capital LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,850 shares of the asset manager’s stock, valued at approximately $524,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Cumberland Partners Ltd acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $30,000. Jacobi Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $42,000. tru Independence LLC acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $44,000. O Shaughnessy Asset Management LLC raised its holdings in shares of KKR & Co. Inc. by 624.5% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 797 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 687 shares in the last quarter. Finally, Selective Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $59,000. Institutional investors own 76.27% of the company’s stock.
Shares of NYSE KKR opened at $65.77 on Thursday. The company has a market cap of $38.35 billion, a PE ratio of 7.34 and a beta of 1.38. KKR & Co. Inc. has a 12 month low of $33.65 and a 12 month high of $67.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.10 and a quick ratio of 0.10. The company has a 50-day simple moving average of $63.94 and a 200-day simple moving average of $59.18.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Investors of record on Monday, August 16th were issued a $0.145 dividend. The ex-dividend date was Friday, August 13th. This represents a $0.58 annualized dividend and a yield of 0.88%. KKR & Co. Inc.’s dividend payout ratio is presently 32.58%.
In related news, major shareholder Kkr Group Partnership L.P. sold 11,073,245 shares of the stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $33.25, for a total value of $368,185,396.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.34% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently weighed in on KKR shares. Zacks Investment Research lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 6th. JMP Securities increased their target price on shares of KKR & Co. Inc. from $82.00 to $83.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 5th. Morgan Stanley increased their target price on shares of KKR & Co. Inc. from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 10th. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, August 4th. Finally, Jefferies Financial Group began coverage on shares of KKR & Co. Inc. in a research report on Thursday, October 7th. They issued a “buy” rating and a $74.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Buy” and a consensus price target of $71.70.
KKR & Co. Inc. Profile
KKR & Co, Inc engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes includes private equity, energy, infrastructure, real estate, credit, and hedge funds. The firm operates business through four business lines: Private Markets, Public Markets, Capital Markets, and Principal Activities.
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