Cerity Partners LLC Increases Position in KKR & Co. Inc. (NYSE:KKR)

Cerity Partners LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,960 shares of the asset manager’s stock after buying an additional 8,333 shares during the period. Cerity Partners LLC’s holdings in KKR & Co. Inc. were worth $24,805,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of KKR & Co. Inc. by 100.7% during the first quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock worth $2,017,000 after buying an additional 10,060 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of KKR & Co. Inc. by 118.5% in the 1st quarter. Lazard Asset Management LLC now owns 13,107 shares of the asset manager’s stock valued at $1,318,000 after buying an additional 7,107 shares during the period. BOKF NA increased its position in KKR & Co. Inc. by 240.3% in the first quarter. BOKF NA now owns 10,405 shares of the asset manager’s stock worth $1,040,000 after buying an additional 7,347 shares during the period. Sweeney & Michel LLC bought a new stake in shares of KKR & Co. Inc. during the first quarter valued at approximately $483,000. Finally, B. Riley Wealth Advisors Inc. grew 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 buying an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the topic of several recent research reports. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. Citigroup upped their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JMP Securities increased their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Finally, Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.14.

KKR & Co. Inc. Trading Up 0.6 %

Shares of NYSE KKR opened at $158.63 on Monday. The company’s 50 day simple moving average is $139.68 and its 200 day simple moving average is $121.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $140.90 billion, a P/E ratio of 48.22, a P/E/G ratio of 1.25 and a beta of 1.61. KKR & Co. Inc. has a fifty-two week low of $67.99 and a fifty-two week high of $159.58.

KKR & Co. Inc. (NYSE:KKR) last released 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. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $0.73 EPS. On average, analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Insider Activity

In related news, 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 stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

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.