Atlanta Consulting Group Advisors LLC Takes $449,000 Position in KKR & Co. Inc. (NYSE:KKR)

Atlanta Consulting Group Advisors LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,441 shares of the asset manager’s stock, valued at approximately $449,000.

A number of other institutional investors have also added to or reduced their stakes in KKR. Raleigh Capital Management Inc. increased its position in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in KKR & Co. Inc. during the third quarter worth about $31,000. Versant Capital Management Inc raised its position in KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after acquiring an additional 218 shares during the period. Eastern Bank purchased a new position in KKR & Co. Inc. in the third quarter valued at about $34,000. Finally, Mather Group LLC. grew its position in shares of KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 208 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 18.67 % 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. Price Performance

Shares of NYSE KKR opened at $150.02 on Monday. The firm has a market capitalization of $133.25 billion, a P/E ratio of 45.60, a P/E/G ratio of 1.20 and a beta of 1.61. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $136.16 and its two-hundred day simple moving average is $119.35. KKR & Co. Inc. has a twelve month low of $65.91 and a twelve month high of $156.54.

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 analysts’ consensus estimates of $1.03 by $0.35. The business 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 period last year, the firm posted $0.73 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be paid a $0.175 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Redburn Atlantic began coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. Oppenheimer lifted their price objective on KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, The Goldman Sachs Group boosted 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 report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.93.

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.