Larson Financial Group LLC Buys 920 Shares of KKR & Co. Inc. (NYSE:KKR)

Larson Financial Group LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,272 shares of the asset manager’s stock after purchasing an additional 920 shares during the period. Larson Financial Group LLC’s holdings in KKR & Co. Inc. were worth $4,345,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Raleigh Capital Management Inc. raised its holdings in KKR & Co. Inc. by 56.7% in 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 in the last quarter. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. during the third quarter valued at $31,000. Versant Capital Management Inc raised its position in shares of KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares during the last quarter. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the third quarter worth approximately $34,000. Finally, Mather Group LLC. grew its holdings in shares of KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after buying an additional 208 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed 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 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 owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $158.63 on Friday. The firm has a market capitalization of $140.90 billion, a price-to-earnings ratio of 48.22, a PEG ratio of 1.25 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50 day simple moving average of $139.68 and a 200-day simple moving average of $121.21. KKR & Co. Inc. has a 1 year low of $67.99 and a 1 year high of $159.58.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. KKR & Co. Inc.’s payout ratio is 21.28%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KKR. The Goldman Sachs Group upped their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. JMP Securities raised their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, TD Cowen increased their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.14.

KKR & Co. Inc. Company 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.