Aaron Wealth Advisors LLC Buys 457 Shares of KKR & Co. Inc. (NYSE:KKR)

Aaron Wealth Advisors LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 14.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,688 shares of the asset manager’s stock after purchasing an additional 457 shares during the period. Aaron Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its stake in KKR & Co. Inc. by 13.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock valued at $81,000 after acquiring an additional 89 shares during the period. Crestwood Advisors Group LLC boosted its stake in KKR & Co. Inc. by 2.1% during the second quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock worth $490,000 after buying an additional 94 shares in the last quarter. Centaurus Financial Inc. increased its holdings in KKR & Co. Inc. by 1.3% in the 2nd quarter. Centaurus Financial Inc. now owns 7,715 shares of the asset manager’s stock valued at $812,000 after buying an additional 98 shares during the period. Premier Path Wealth Partners LLC raised its stake in shares of KKR & Co. Inc. by 2.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock valued at $445,000 after buying an additional 99 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in shares of KKR & Co. Inc. by 4.5% during the 1st quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock valued at $241,000 after acquiring an additional 103 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $139.86 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $124.11 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 1.14 and a beta of 1.62. The business has a 50 day simple moving average of $126.16 and a 200 day simple moving average of $112.58. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $140.15.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business posted $0.58 earnings per share. Analysts anticipate that KKR & Co. Inc. will post 3.97 earnings per share 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. Stockholders of record on Monday, August 12th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 annualized dividend and a dividend yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Analysts Set New Price Targets

A number of research firms have weighed in on KKR. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. HSBC began coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. TD Cowen upped their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.43.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired 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 $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related 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 stock was purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, 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. 39.34% of the stock is owned by corporate insiders.

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.