First Bank & Trust Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

First Bank & Trust boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,770 shares of the asset manager’s stock after purchasing an additional 234 shares during the quarter. First Bank & Trust’s holdings in KKR & Co. Inc. were worth $884,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. PFG Investments LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $217,000. NorthCrest Asset Manangement LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $228,000. Arkadios Wealth Advisors increased its holdings in shares of KKR & Co. Inc. by 316.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 16,463 shares of the asset manager’s stock worth $2,150,000 after buying an additional 12,512 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of KKR & Co. Inc. by 8.4% in the 3rd quarter. Forsta AP Fonden now owns 194,900 shares of the asset manager’s stock worth $25,450,000 after buying an additional 15,100 shares during the last quarter. Finally, Parcion Private Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $518,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Down 2.4 %

Shares of NYSE KKR traded down $3.40 during midday trading on Friday, reaching $139.88. 2,866,224 shares of the company’s stock traded hands, compared to its average volume of 2,444,026. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $128.49 and its 200-day simple moving average is $114.00. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $147.15. The company has a market cap of $124.14 billion, a price-to-earnings ratio of 32.99, a P/E/G ratio of 1.20 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data 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. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $0.73 earnings per share. On average, analysts predict that KKR & Co. Inc. will post 3.97 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. Shareholders of record on Monday, November 4th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 16.51%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was acquired 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 owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’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 transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 shares were acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. JMP Securities upped their price target on shares of KKR & Co. Inc. from $135.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a report on Friday. HSBC started coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target on the stock. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $151.29.

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.