Dakota Wealth Management Acquires 933 Shares of KKR & Co. Inc. (NYSE:KKR)

Dakota Wealth Management increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 6.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,743 shares of the asset manager’s stock after purchasing an additional 933 shares during the period. Dakota Wealth Management’s holdings in KKR & Co. Inc. were worth $1,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KKR. Raleigh Capital Management Inc. grew its position in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc grew its holdings in shares of KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 218 shares during the last quarter. Eastern Bank acquired a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $34,000. Finally, Mather Group LLC. increased its position in KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Activity at KKR & Co. Inc.

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

KKR & Co. Inc. Stock Down 2.4 %

KKR & Co. Inc. stock opened at $139.88 on Friday. The firm has a market cap of $124.14 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.20 and a beta of 1.62. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $147.15. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a 50 day moving average price of $128.49 and a two-hundred day moving average price of $114.00.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data 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. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period in the prior year, the company posted $0.73 earnings per share. Equities analysts predict that KKR & Co. Inc. will post 3.97 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 16.51%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Oppenheimer raised their price objective on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Barclays increased their target price on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Redburn Atlantic initiated coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.29.

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.