Adams Asset Advisors LLC Purchases 10,800 Shares of KKR & Co. Inc. $KKR

Adams Asset Advisors LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the third quarter, HoldingsChannel reports. The fund acquired 10,800 shares of the asset manager’s stock, valued at approximately $986,000.

Other large investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $31,000. Hanson & Doremus Investment Management grew its stake in shares of KKR & Co. Inc. by 83.3% in the first quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Silvant Capital Management LLC bought a new position in KKR & Co. Inc. during the second quarter worth about $34,000. Western Pacific Wealth Management LP increased its position in KKR & Co. Inc. by 34.8% during the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock worth $36,000 after acquiring an additional 100 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in KKR & Co. Inc. in the 1st quarter worth about $39,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of recent research reports. Argus boosted their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. HSBC lifted their price target on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, July 20th. BMO Capital Markets boosted their price target on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Oppenheimer boosted their price target on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Finally, Barclays reduced their price target on KKR & Co. Inc. from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $127.08.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.20% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded down $0.09 during trading hours on Thursday, reaching $89.58. The company’s stock had a trading volume of 6,521,288 shares, compared to its average volume of 5,557,148. The firm’s 50 day simple moving average is $102.85 and its 200-day simple moving average is $98.57. The company has a market capitalization of $80.41 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 0.79 and a beta of 1.83. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $144.84. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. Sell-side analysts forecast that KKR & Co. Inc. will post 6.22 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th were given a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s payout ratio is currently 24.84%.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.