Napa Wealth Management Buys New Shares in KKR & Co. Inc. (NYSE:KKR)

Napa Wealth Management purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,204 shares of the asset manager’s stock, valued at approximately $2,246,000. KKR & Co. Inc. makes up about 1.1% of Napa Wealth Management’s portfolio, making the stock its 21st biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $224,000. AMG National Trust Bank acquired a new position in KKR & Co. Inc. during the third quarter worth approximately $271,000. Aljian Capital Management LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at approximately $275,000. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $449,000. Finally, Mount Lucas Management LP boosted its stake in shares of KKR & Co. Inc. by 2.5% during the 3rd quarter. Mount Lucas Management LP now owns 4,720 shares of the asset manager’s stock worth $616,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KKR. Evercore ISI increased their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group upped their price target on shares of KKR & Co. Inc. from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Finally, Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. One investment 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 stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.93.

Insider Activity

In other 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 sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. 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 acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

KKR opened at $151.19 on Monday. The firm has a market cap of $134.29 billion, a P/E ratio of 45.60, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. The business’s fifty day moving average is $136.16 and its 200-day moving average is $119.52. KKR & Co. Inc. has a 52-week low of $66.75 and a 52-week high of $156.54. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion during 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 period in the previous year, the business 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 announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

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.