Raleigh Capital Management Inc. Buys 85 Shares of KKR & Co. Inc. (NYSE:KKR)

Raleigh Capital Management Inc. increased its stake in KKR & Co. Inc. (NYSE:KKR) by 56.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235 shares of the asset manager’s stock after acquiring an additional 85 shares during the period. Raleigh Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $31,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in KKR & Co. Inc. in the first quarter valued at approximately $27,000. Versant Capital Management Inc raised its holdings in 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 buying an additional 218 shares during the last quarter. Mather Group LLC. boosted 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 valued at $27,000 after buying an additional 208 shares during the period. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter worth $31,000. Finally, American National Bank increased its position in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 235 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 1.2 %

Shares of KKR opened at $138.53 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $122.93 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $141.68. The business’s 50 day simple moving average is $127.61 and its 200-day simple moving average is $113.53.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company earned $0.58 EPS. As a group, equities analysts expect that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Activity at KKR & Co. Inc.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on KKR shares. Oppenheimer upped their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Evercore ISI upped their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. HSBC initiated coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target on the stock. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.43.

KKR & Co. Inc. Company 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.