KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Coastline Trust Co

Coastline Trust Co boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 61.8% during the third quarter, Holdings Channel.com reports. The fund owned 22,200 shares of the asset manager’s stock after purchasing an additional 8,481 shares during the quarter. Coastline Trust Co’s holdings in KKR & Co. Inc. were worth $2,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Swedbank AB raised its holdings in shares of KKR & Co. Inc. by 33.5% during the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after acquiring an additional 16,424 shares during the last quarter. XTX Topco Ltd raised its stake in KKR & Co. Inc. by 116.8% in the 2nd 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 holdings in KKR & Co. Inc. by 100.7% in the 1st 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in KKR & Co. Inc. during the 1st quarter worth $2,514,000. Finally, Atria Investments Inc grew its holdings in shares of KKR & Co. Inc. by 23.8% during 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 in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred 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 in the company, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent research reports. Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. HSBC initiated coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen boosted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays raised their target price on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. One investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $152.93.

KKR & Co. Inc. Trading Down 0.3 %

NYSE KKR opened at $150.03 on Friday. KKR & Co. Inc. has a 52 week low of $65.91 and a 52 week high of $156.54. The firm has a 50 day moving average of $136.16 and a two-hundred day moving average of $119.17. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $133.26 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business posted $0.73 EPS. As a group, research analysts expect that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

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.