KKR & Co. Inc. (NYSE:KKR) Shares Bought by Hollencrest Capital Management

Hollencrest Capital Management lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 53.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,830 shares of the asset manager’s stock after buying an additional 640 shares during the period. Hollencrest Capital Management’s holdings in KKR & Co. Inc. were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in KKR. TFB Advisors LLC raised its position in KKR & Co. Inc. by 16.3% in the third quarter. TFB Advisors LLC now owns 5,856 shares of the asset manager’s stock valued at $765,000 after purchasing an additional 821 shares during the period. Dudley Capital Management LLC lifted its position in KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after buying an additional 80 shares during the last quarter. Montecito Bank & Trust purchased a new position in KKR & Co. Inc. during the third quarter worth about $232,000. Hanseatic Management Services Inc. raised its stake in shares of KKR & Co. Inc. by 5.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 8,661 shares of the asset manager’s stock valued at $1,131,000 after acquiring an additional 463 shares during the period. Finally, River Road Asset Management LLC lifted its holdings in shares of KKR & Co. Inc. by 112.3% in the 3rd quarter. River Road Asset Management LLC now owns 341,556 shares of the asset manager’s stock worth $44,600,000 after acquiring an additional 180,676 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

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 owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, with a total value 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 trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on KKR shares. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley lifted their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.64.

KKR & Co. Inc. Stock Up 1.0 %

KKR & Co. Inc. stock opened at $152.20 on Friday. The stock has a market cap of $135.19 billion, a PE ratio of 46.26, a P/E/G ratio of 1.23 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 stock’s fifty day moving average is $132.81 and its two-hundred day moving average is $117.21. KKR & Co. Inc. has a 1-year low of $62.24 and a 1-year high of $153.51.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the prior year, the company posted $0.73 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be paid a dividend of $0.175 per share. The ex-dividend date is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio 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.