Petra Financial Advisors Inc. Buys Shares of 5,741 KKR & Co. Inc. (NYSE:KKR)

Petra Financial Advisors Inc. bought a new position in KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,741 shares of the asset manager’s stock, valued at approximately $750,000.

Other institutional investors have also added to or reduced their stakes in the company. First Trust Direct Indexing L.P. lifted its holdings in shares of KKR & Co. Inc. by 43.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 11,490 shares of the asset manager’s stock valued at $1,500,000 after buying an additional 3,465 shares during the period. New York State Teachers Retirement System lifted its position in shares of KKR & Co. Inc. by 1.7% during the 3rd quarter. New York State Teachers Retirement System now owns 482,275 shares of the asset manager’s stock valued at $62,975,000 after buying an additional 7,972 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its stake in shares of KKR & Co. Inc. by 1.1% in the third quarter. Adell Harriman & Carpenter Inc. now owns 262,235 shares of the asset manager’s stock worth $34,243,000 after purchasing an additional 2,743 shares in the last quarter. Childress Capital Advisors LLC boosted its holdings in KKR & Co. Inc. by 12.5% in the 3rd quarter. Childress Capital Advisors LLC now owns 2,802 shares of the asset manager’s stock worth $366,000 after buying an additional 311 shares during the period. Finally, abrdn plc lifted its position in shares of KKR & Co. Inc. by 12.6% in the third quarter. abrdn plc now owns 258,077 shares of the asset manager’s stock valued at $33,652,000 after acquiring an additional 28,799 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KKR has been the subject of a number of research reports. Barclays upped their target price on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.64.

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

KKR & Co. Inc. Trading Down 0.4 %

KKR traded down $0.51 on Thursday, reaching $139.67. 229,458 shares of the company traded hands, compared to its average volume of 4,310,762. The company has a market cap of $123.94 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 1.20 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. has a one year low of $54.91 and a one year high of $147.15. The firm has a fifty day simple moving average of $129.74 and a two-hundred day simple moving average of $114.96.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 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.