KKR & Co Inc (KKR) Shares Bought by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC lifted its stake in KKR & Co Inc (NYSE:KKR) by 69.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 79,850 shares of the asset manager’s stock after buying an additional 32,850 shares during the quarter. Beck Mack & Oliver LLC’s holdings in KKR & Co Inc were worth $2,178,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vulcan Value Partners LLC purchased a new position in KKR & Co Inc during the 2nd quarter valued at about $388,743,000. Akre Capital Management LLC lifted its position in KKR & Co Inc by 108.3% during the 2nd quarter. Akre Capital Management LLC now owns 10,000,000 shares of the asset manager’s stock valued at $248,500,000 after acquiring an additional 5,200,000 shares during the period. Iridian Asset Management LLC CT purchased a new position in KKR & Co Inc during the 2nd quarter valued at about $65,053,000. Bank of Montreal Can purchased a new position in KKR & Co Inc during the 3rd quarter valued at about $65,683,000. Finally, Putnam Investments LLC lifted its position in KKR & Co Inc by 21.8% during the 2nd quarter. Putnam Investments LLC now owns 9,437,050 shares of the asset manager’s stock valued at $234,511,000 after acquiring an additional 1,690,630 shares during the period. 62.79% of the stock is owned by hedge funds and other institutional investors.

Shares of KKR & Co Inc stock opened at $21.79 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 1.04 and a beta of 1.61. KKR & Co Inc has a 52-week low of $18.74 and a 52-week high of $28.73.



KKR & Co Inc (NYSE:KKR) last issued its earnings results on Thursday, October 25th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The business had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $401.39 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 7.25%. As a group, research analysts predict that KKR & Co Inc will post 1.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th will be issued a $0.125 dividend. The ex-dividend date is Friday, November 2nd. This represents a $0.50 annualized dividend and a yield of 2.29%. KKR & Co Inc’s dividend payout ratio (DPR) is presently 28.57%.

A number of research analysts recently issued reports on the stock. JMP Securities lifted their price target on shares of KKR & Co Inc from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Citigroup lifted their price target on shares of KKR & Co Inc from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, October 17th. Deutsche Bank lifted their price target on shares of KKR & Co Inc from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, July 10th. Finally, Oppenheimer set a $29.00 price target on shares of KKR & Co Inc and gave the company a “buy” rating in a research report on Tuesday, July 10th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.33.

In other news, major shareholder Fund Holdings L.P. Kkr bought 13,402 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was acquired at an average cost of $13.48 per share, with a total value of $180,658.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 130,656 shares of company stock valued at $1,914,185 over the last ninety days.

KKR & Co Inc Profile

KKR & Co L.P. 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, and middle market investments.

Read More: How much money do you need to begin day trading?

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co Inc (NYSE:KKR).

Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

Receive News & Ratings for KKR & Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply