Pitcairn Co. Invests $216,000 in KKR & Co. Inc. (NYSE:KKR)

Pitcairn Co. purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 1,655 shares of the asset manager’s stock, valued at approximately $216,000.

Several other large investors have also recently modified their holdings of the stock. Lazard Asset Management LLC raised its holdings in KKR & Co. Inc. by 118.5% in the first quarter. Lazard Asset Management LLC now owns 13,107 shares of the asset manager’s stock worth $1,318,000 after buying an additional 7,107 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in KKR & Co. Inc. by 0.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 19,786 shares of the asset manager’s stock valued at $1,990,000 after acquiring an additional 186 shares in the last quarter. Comerica Bank lifted its position in KKR & Co. Inc. by 17.6% in the 1st quarter. Comerica Bank now owns 35,249 shares of the asset manager’s stock valued at $3,545,000 after acquiring an additional 5,271 shares in the last quarter. LBP AM SA boosted its stake in KKR & Co. Inc. by 38.5% during the 1st quarter. LBP AM SA now owns 9,228 shares of the asset manager’s stock valued at $928,000 after purchasing an additional 2,565 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $309,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $160.13 on Thursday. KKR & Co. Inc. has a one year low of $68.89 and a one year high of $162.73. The stock’s fifty day moving average is $141.61 and its 200 day moving average is $122.59. The stock has a market cap of $142.23 billion, a P/E ratio of 48.67, a P/E/G ratio of 1.26 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS 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 firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $0.73 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.44%. KKR & Co. Inc.’s payout ratio is currently 21.28%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KKR. Morgan Stanley upped their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $154.14.

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.