West Wealth Group LLC Buys Shares of 2,191 KKR & Co. Inc. (NYSE:KKR)

West Wealth Group LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,191 shares of the asset manager’s stock, valued at approximately $286,000.

Several other institutional investors have also bought and sold shares of KKR. Riverview Trust Co bought a new position in shares of KKR & Co. Inc. in the first quarter valued at approximately $27,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of KKR & Co. Inc. by 352.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after buying an additional 111,881 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in KKR & Co. Inc. in the first quarter worth about $212,000. Garrison Bradford & Associates Inc. bought a new stake in KKR & Co. Inc. in the first quarter worth about $226,000. Finally, First Bank & Trust boosted its position in shares of KKR & Co. Inc. by 13.7% during the 1st quarter. First Bank & Trust now owns 6,432 shares of the asset manager’s stock valued at $647,000 after purchasing an additional 774 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity

In related news, 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 value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’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 completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction that occurred 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 acquisition, 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 position. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Stock Down 0.6 %

Shares of NYSE KKR traded down $0.89 during mid-day trading on Friday, reaching $142.39. The company had a trading volume of 289,608 shares, compared to its average volume of 4,346,813. 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 company has a market capitalization of $126.36 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.14 and a beta of 1.62. The stock has a fifty day moving average of $128.07 and a two-hundred day moving average of $113.73. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $147.15.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.58 EPS. As a group, equities research analysts expect that KKR & Co. Inc. will post 3.97 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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 0.49%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of research reports. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. Wells Fargo & Company upped their price target on KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a report on Friday. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $137.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $145.36.

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.