MONECO Advisors LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

MONECO Advisors LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 4,111 shares of the asset manager’s stock, valued at approximately $216,000.

Several other hedge funds have also modified their holdings of KKR. Massmutual Trust Co. FSB ADV raised its stake in shares of KKR & Co. Inc. by 63.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 514 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Disciplined Investments LLC raised its stake in shares of KKR & Co. Inc. by 2,861.1% in the first quarter. Disciplined Investments LLC now owns 533 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 515 shares in the last quarter. Quadrant Capital Group LLC raised its stake in KKR & Co. Inc. by 285.9% in the fourth quarter. Quadrant Capital Group LLC now owns 714 shares of the asset manager’s stock valued at $33,000 after buying an additional 529 shares in the last quarter. Webster Bank N. A. raised its stake in KKR & Co. Inc. by 329.5% in the first quarter. Webster Bank N. A. now owns 859 shares of the asset manager’s stock valued at $45,000 after buying an additional 659 shares in the last quarter. Finally, Delta Asset Management LLC TN acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $46,000. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 15,000,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $36.85, for a total transaction of $552,750,000.00. Following the transaction, the insider now owns 4,570,327 shares of the company’s stock, valued at $168,416,549.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Phorm Investors L.P. Kkr acquired 1,735,988 shares of the stock in a transaction on Friday, July 21st. The shares were bought at an average price of $3.30 per share, with a total value of $5,728,760.40. Following the acquisition, the insider now owns 24,411,968 shares of the company’s stock, valued at $80,559,494.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 15,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $36.85, for a total value of $552,750,000.00. Following the completion of the sale, the insider now directly owns 4,570,327 shares in the company, valued at approximately $168,416,549.95. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on KKR shares. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Citigroup raised their price target on KKR & Co. Inc. from $69.00 to $75.00 in a research note on Tuesday, August 8th. Barclays raised their price target on KKR & Co. Inc. from $68.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. Piper Sandler raised their price target on KKR & Co. Inc. from $59.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.04.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $61.87 on Thursday. The stock’s 50-day moving average is $58.98 and its two-hundred day moving average is $54.91. The firm has a market cap of $53.06 billion, a price-to-earnings ratio of 48.34, a PEG ratio of 1.75 and a beta of 1.52. KKR & Co. Inc. has a 1 year low of $41.77 and a 1 year high of $63.64. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Monday, August 7th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.23. KKR & Co. Inc. had a return on equity of 4.50% and a net margin of 11.02%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company posted $0.64 earnings per share. The business’s revenue was up 1021.4% on a year-over-year basis. Analysts predict that KKR & Co. Inc. will post 2.79 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, August 16th. KKR & Co. Inc.’s dividend payout ratio is currently 51.56%.

About KKR & Co. Inc.

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.