Naviter Wealth LLC Acquires Shares of 2,275 KKR & Co. Inc. (NYSE:KKR)

Naviter Wealth LLC bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,275 shares of the asset manager’s stock, valued at approximately $297,000.

A number of other large investors also recently made changes to their positions in the stock. Vontobel Holding Ltd. increased its holdings in KKR & Co. Inc. by 122.1% in the third quarter. Vontobel Holding Ltd. now owns 15,523 shares of the asset manager’s stock valued at $2,027,000 after purchasing an additional 8,535 shares during the last quarter. Swedbank AB increased its stake in shares of KKR & Co. Inc. by 10.6% in the 3rd quarter. Swedbank AB now owns 72,374 shares of the asset manager’s stock valued at $9,451,000 after acquiring an additional 6,942 shares during the last quarter. Creative Planning increased its stake in shares of KKR & Co. Inc. by 14.9% in the 3rd quarter. Creative Planning now owns 69,127 shares of the asset manager’s stock valued at $9,027,000 after acquiring an additional 8,964 shares during the last quarter. Sivia Capital Partners LLC bought a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $221,000. Finally, Sapient Capital LLC grew its holdings in KKR & Co. Inc. by 0.7% during the third quarter. Sapient Capital LLC now owns 358,132 shares of the asset manager’s stock valued at $46,765,000 after purchasing an additional 2,550 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on KKR shares. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. HSBC initiated coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target for the company. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays upped their target price on shares of KKR & Co. Inc. from $146.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $137.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $144.43.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now directly 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 legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $137.81 on Friday. The stock has a market capitalization of $122.29 billion, a PE ratio of 30.90, a P/E/G ratio of 1.14 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $139.82. The firm has a fifty day simple moving average of $125.64 and a 200 day simple moving average of $112.30. 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 Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter last year, the firm posted $0.58 EPS. On average, research analysts expect that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

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.