Advisor OS LLC Purchases 3,086 Shares of KKR & Co. Inc. (NYSE:KKR)

Advisor OS LLC increased its position in KKR & Co. Inc. (NYSE:KKR) by 28.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,069 shares of the asset manager’s stock after acquiring an additional 3,086 shares during the quarter. Advisor OS LLC’s holdings in KKR & Co. Inc. were worth $1,481,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co bought a new position in KKR & Co. Inc. in the 1st quarter worth $27,000. Versant Capital Management Inc raised its holdings in KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after acquiring an additional 218 shares during the period. Mather Group LLC. raised its holdings in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares during the period. American National Bank raised its holdings in KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after acquiring an additional 235 shares during the period. Finally, Missouri Trust & Investment Co raised its holdings in KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after acquiring an additional 368 shares during the period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KKR shares. Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. TD Cowen upped their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Tuesday, August 13th. Finally, Citigroup boosted their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.93.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Trading Down 1.8 %

KKR opened at $116.25 on Friday. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79. 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 company has a market cap of $103.16 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.62. The firm has a 50 day simple moving average of $115.27 and a 200 day simple moving average of $105.77.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.01 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

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.