Pinnacle Financial Partners Inc Increases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Pinnacle Financial Partners Inc lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,580 shares of the asset manager’s stock after buying an additional 222 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in KKR & Co. Inc. were worth $5,952,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KKR. Dudley Capital Management LLC increased its position in KKR & Co. Inc. by 2.7% during the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock worth $404,000 after buying an additional 80 shares during the period. Sigma Planning Corp increased its holdings in shares of KKR & Co. Inc. by 1.3% in the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after acquiring an additional 81 shares during the period. OLD National Bancorp IN boosted its stake in KKR & Co. Inc. by 1.3% during the 3rd quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock worth $846,000 after purchasing an additional 85 shares during the period. Raleigh Capital Management Inc. boosted its stake in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in KKR & Co. Inc. by 13.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $152.16 on Thursday. The business has a 50 day moving average price of $134.15 and a 200 day moving average price of $118.33. The company has a market capitalization of $135.15 billion, a P/E ratio of 46.25, a PEG ratio of 1.24 and a beta of 1.61. KKR & Co. Inc. has a 1-year low of $65.91 and a 1-year high of $156.54. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KKR. TD Cowen increased their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, Citigroup raised their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $152.93.

Insider Activity

In related news, 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 transaction of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, 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 shares were bought at an average price of $11.13 per share, with a total value 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. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. 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 completion of 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. Company insiders own 39.34% of the company’s stock.

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.