2,501 Shares in KKR & Co. Inc. (NYSE:KKR) Bought by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 2,501 shares of the asset manager’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $14,838,000. Illinois Municipal Retirement Fund bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $891,000. Yousif Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 4.5% in the 4th quarter. Yousif Capital Management LLC now owns 7,924 shares of the asset manager’s stock worth $657,000 after acquiring an additional 343 shares during the last quarter. Truist Financial Corp boosted its stake in KKR & Co. Inc. by 1.4% during the 4th quarter. Truist Financial Corp now owns 80,236 shares of the asset manager’s stock valued at $6,648,000 after purchasing an additional 1,114 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in KKR & Co. Inc. by 51.1% during the fourth quarter. Russell Investments Group Ltd. now owns 78,144 shares of the asset manager’s stock worth $6,496,000 after buying an additional 26,431 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of KKR traded up $0.27 during trading hours on Tuesday, reaching $122.42. 348,126 shares of the company’s stock traded hands, compared to its average volume of 4,746,675. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $128.79. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The stock has a market cap of $108.64 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.62. The firm’s 50 day simple moving average is $113.02 and its 200-day simple moving average is $104.36.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter in the previous year, the company earned $0.58 EPS. Equities analysts expect that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th will be issued a $0.175 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.57%. KKR & Co. Inc.’s payout ratio is 15.70%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KKR. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Tuesday, August 13th. JMP Securities increased their target price on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, August 1st. Jefferies Financial Group decreased their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Redburn Atlantic began coverage on KKR & Co. Inc. in a report on Tuesday. They issued a “buy” rating and a $153.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.93.

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.