Main Street Financial Solutions LLC Takes $256,000 Position in KKR & Co. Inc. (NYSE:KKR)

Main Street Financial Solutions LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, Holdings Channel reports. The fund acquired 1,961 shares of the asset manager’s stock, valued at approximately $256,000.

A number of other institutional investors have also recently bought and sold shares of KKR. Russell Investments Group Ltd. grew its holdings in shares of KKR & Co. Inc. by 144.3% in the 1st quarter. Russell Investments Group Ltd. now owns 190,911 shares of the asset manager’s stock valued at $19,200,000 after buying an additional 112,767 shares during the period. US Bancorp DE raised its position in shares of KKR & Co. Inc. by 12.3% during the first quarter. US Bancorp DE now owns 38,435 shares of the asset manager’s stock worth $3,866,000 after purchasing an additional 4,204 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of KKR & Co. Inc. by 15.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 310,424 shares of the asset manager’s stock valued at $31,222,000 after purchasing an additional 42,383 shares in the last quarter. Spirepoint Private Client LLC bought a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $617,000. Finally, TIAA Trust National Association increased its stake in KKR & Co. Inc. by 61.1% during the 1st quarter. TIAA Trust National Association now owns 165,895 shares of the asset manager’s stock worth $16,686,000 after purchasing an additional 62,941 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In related news, 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 value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares in the company, 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 owned by insiders.

KKR & Co. Inc. Stock Down 1.1 %

KKR & Co. Inc. stock opened at $150.52 on Friday. The company has a market capitalization of $133.70 billion, a PE ratio of 45.75, a PEG ratio of 1.22 and a beta of 1.61. KKR & Co. Inc. has a 12-month low of $65.91 and a 12-month high of $156.54. The firm’s fifty day moving average is $134.84 and its 200 day moving average is $118.56. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $0.73 earnings per share. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders 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 (DPR) is presently 21.28%.

Wall Street Analyst Weigh In

KKR has been the topic of several recent research reports. Barclays boosted their price target on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group increased their price target on KKR & Co. Inc. from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One equities 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 given a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. currently has an average 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.