KKR & Co. Inc. $KKR Holdings Boosted by Integrated Advisors Network LLC

Integrated Advisors Network LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 22.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,593 shares of the asset manager’s stock after purchasing an additional 9,181 shares during the quarter. Integrated Advisors Network LLC’s holdings in KKR & Co. Inc. were worth $6,575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. ESL Trust Services LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at approximately $26,000. GGM Financials LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at $27,000. Clearstead Trust LLC bought a new stake in KKR & Co. Inc. in the second quarter valued at $28,000. Richardson Financial Services Inc. boosted its holdings in shares of KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Finally, Pineridge Advisors LLC bought a new position in shares of KKR & Co. Inc. during the second quarter worth about $31,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a report on Wednesday, January 28th. Oppenheimer decreased their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Royal Bank Of Canada began coverage on KKR & Co. Inc. in a research note on Tuesday. They set an “outperform” rating and a $137.00 target price on the stock. Finally, UBS Group decreased their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $152.40.

KKR & Co. Inc. Stock Performance

KKR opened at $93.52 on Friday. The company has a market capitalization of $83.36 billion, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $153.87. The business has a 50 day moving average price of $117.89 and a two-hundred day moving average price of $125.99.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The firm’s revenue for the quarter was up 76.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 earnings per share. Research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.185 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s payout ratio is 31.62%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Scott C. Nuttall purchased 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was bought at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the acquisition, the chief executive officer owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. The trade was a 0.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joseph Y. Bae acquired 125,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the purchase, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 343,872 shares of company stock valued at $35,367,179 over the last 90 days. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.