TFB Advisors LLC Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

TFB Advisors LLC raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,856 shares of the asset manager’s stock after purchasing an additional 821 shares during the period. TFB Advisors LLC’s holdings in KKR & Co. Inc. were worth $765,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dudley Capital Management LLC lifted its stake in KKR & Co. Inc. by 2.7% during the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after acquiring an additional 80 shares during the period. Montecito Bank & Trust purchased a new stake in KKR & Co. Inc. in the third quarter worth approximately $232,000. Hanseatic Management Services Inc. raised its stake in KKR & Co. Inc. by 5.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 8,661 shares of the asset manager’s stock valued at $1,131,000 after buying an additional 463 shares during the last quarter. River Road Asset Management LLC lifted its holdings in shares of KKR & Co. Inc. by 112.3% during the 3rd quarter. River Road Asset Management LLC now owns 341,556 shares of the asset manager’s stock valued at $44,600,000 after buying an additional 180,676 shares during the period. Finally, ASB Consultores LLC grew its holdings in shares of KKR & Co. Inc. by 2.9% in the third quarter. ASB Consultores LLC now owns 6,999 shares of the asset manager’s stock worth $914,000 after acquiring an additional 199 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $150.71 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $61.94 and a 1-year high of $153.51. The business has a 50 day simple moving average of $132.24 and a two-hundred day simple moving average of $116.81. The stock has a market capitalization of $133.75 billion, a PE ratio of 45.81, a P/E/G ratio of 1.13 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.86%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $0.73 earnings per share. On average, research analysts predict that KKR & Co. Inc. will post 4.04 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. 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 KKR & Co. Inc. stock in a transaction on 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 purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KKR shares. Barclays boosted their target price on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. JMP Securities lifted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upped their price target on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley increased their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.64.

KKR & Co. Inc. Company 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.