KKR & Co. Inc. (NYSE:KKR) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its position in KKR & Co. Inc. (NYSE:KKR) by 65.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,474 shares of the asset manager’s stock after acquiring an additional 2,961 shares during the quarter. Apollon Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in KKR. Spirepoint Private Client LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $617,000. TIAA Trust National Association increased its holdings in shares of KKR & Co. Inc. by 61.1% in the 1st quarter. TIAA Trust National Association now owns 165,895 shares of the asset manager’s stock valued at $16,686,000 after acquiring an additional 62,941 shares during the last quarter. NFC Investments LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $517,000. Covestor Ltd increased its holdings in shares of KKR & Co. Inc. by 309.8% in the 1st quarter. Covestor Ltd now owns 1,463 shares of the asset manager’s stock valued at $147,000 after acquiring an additional 1,106 shares during the last quarter. Finally, Trustmark National Bank Trust Department bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $303,000. 76.26% of the stock is currently owned by institutional investors.

Insider Activity

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 shares were acquired at an average price 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 in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KKR. Evercore ISI upped their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. JMP Securities upped their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Finally, HSBC started coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.93.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $150.03 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $65.91 and a fifty-two week high of $156.54. The stock’s 50-day moving average is $135.49 and its two-hundred day moving average is $118.78. The firm has a market cap of $133.26 billion, a P/E ratio of 45.62, a PEG ratio of 1.22 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $0.73 EPS. Analysts predict that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

KKR & Co. Inc. 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.