Shepherd Financial Partners LLC Makes New $290,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Shepherd Financial Partners LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,220 shares of the asset manager’s stock, valued at approximately $290,000.

Several other institutional investors have also added to or reduced their stakes in KKR. Stephens Inc. AR raised its stake in shares of KKR & Co. Inc. by 4.4% during the third quarter. Stephens Inc. AR now owns 143,039 shares of the asset manager’s stock valued at $18,678,000 after acquiring an additional 6,077 shares in the last quarter. O ROURKE & COMPANY Inc raised its stake in shares of KKR & Co. Inc. by 1.5% during the third quarter. O ROURKE & COMPANY Inc now owns 45,813 shares of the asset manager’s stock valued at $5,982,000 after acquiring an additional 683 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of KKR & Co. Inc. by 14.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,485 shares of the asset manager’s stock valued at $194,000 after acquiring an additional 182 shares in the last quarter. US Bancorp DE increased its holdings in KKR & Co. Inc. by 9.5% during the third quarter. US Bancorp DE now owns 50,816 shares of the asset manager’s stock valued at $6,636,000 after buying an additional 4,388 shares during the period. Finally, Petra Financial Advisors Inc. purchased a new position in KKR & Co. Inc. during the third quarter valued at approximately $750,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’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 transaction, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $137.58 on Friday. KKR & Co. Inc. has a twelve month low of $57.49 and a twelve month high of $147.15. The firm’s fifty day simple moving average is $130.44 and its 200-day simple moving average is $115.41. The firm has a market capitalization of $122.09 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 1.16 and a beta of 1.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.86%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.73 EPS. Equities analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KKR. Morgan Stanley lifted their price objective 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. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Finally, Barclays lifted their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.64.

About KKR & Co. Inc.

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.