KKR & Co. Inc. (NYSE:KKR) Stock Position Boosted by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 42.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,136 shares of the asset manager’s stock after buying an additional 4,481 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in KKR. Swedbank AB raised its position in KKR & Co. Inc. by 33.5% in the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock worth $6,886,000 after acquiring an additional 16,424 shares in the last quarter. XTX Topco Ltd lifted its stake in KKR & Co. Inc. by 116.8% during the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock valued at $3,117,000 after purchasing an additional 15,959 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in 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 valued at $2,017,000 after purchasing an additional 10,060 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in KKR & Co. Inc. during the first quarter worth approximately $2,514,000. Finally, Atria Investments Inc grew its position in KKR & Co. Inc. by 23.8% in the first quarter. Atria Investments Inc now owns 36,702 shares of the asset manager’s stock worth $3,691,000 after buying an additional 7,050 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KKR. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. HSBC began coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $152.93.

KKR & Co. Inc. Trading Down 0.3 %

NYSE:KKR opened at $150.02 on Monday. The company has a market capitalization of $133.25 billion, a P/E ratio of 45.60, a P/E/G ratio of 1.20 and a beta of 1.61. The stock’s 50 day moving average price is $136.16 and its 200 day moving average price is $119.35. 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. has a 52 week low of $65.91 and a 52 week high of $156.54.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results 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 net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business posted $0.73 EPS. On average, research analysts forecast that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be given a $0.175 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

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.