6,449 Shares in KKR & Co. Inc. $KKR Acquired by Berman McAleer LLC

Berman McAleer LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, HoldingsChannel reports. The firm acquired 6,449 shares of the asset manager’s stock, valued at approximately $589,000.

Several other institutional investors and hedge funds have also bought and sold shares of KKR. Legal & General Group Plc purchased a new stake in KKR & Co. Inc. in the second quarter worth $470,778,000. Bank of New York Mellon Corp bought a new stake in shares of KKR & Co. Inc. in the second quarter valued at $298,311,000. Temasek Holdings Private Ltd raised its stake in shares of KKR & Co. Inc. by 164.4% in the first quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after buying an additional 2,190,248 shares during the period. Deutsche Bank AG bought a new stake in shares of KKR & Co. Inc. in the second quarter valued at $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at $147,628,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Down 1.7%

KKR & Co. Inc. stock opened at $86.11 on Friday. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $144.84. The firm has a market capitalization of $77.29 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 0.73 and a beta of 1.83. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $100.62 and a 200 day simple moving average of $98.44.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same quarter in the prior year, the business posted $1.18 earnings per share. On average, analysts predict that KKR & Co. Inc. will post 6.49 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a research note on Friday, October 2nd. They set an “equal weight” rating and a $97.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Oppenheimer boosted their price objective 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. BNP Paribas Exane dropped their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating on the stock in a report on Thursday, October 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.42.

Insider Buying and Selling at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 8,513 shares in the company, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 23.20% of the company’s stock.

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.