Horizon Kinetics Asset Management LLC Acquires 300 Shares of KKR & Co. Inc. (NYSE:KKR)

Horizon Kinetics Asset Management LLC raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,358 shares of the asset manager’s stock after acquiring an additional 300 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in KKR & Co. Inc. were worth $700,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after buying an additional 124,257 shares during the period. Legal & General Group Plc raised its position in shares of KKR & Co. Inc. by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock valued at $628,147,000 after acquiring an additional 323,189 shares during the period. Bank of New York Mellon Corp boosted its stake in KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after acquiring an additional 1,585,447 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in KKR & Co. Inc. by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,686,870 shares of the asset manager’s stock valued at $481,431,000 after purchasing an additional 60,611 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in KKR & Co. Inc. by 3.7% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager’s stock valued at $380,442,000 after purchasing an additional 127,726 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI boosted their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. TD Cowen boosted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.14.

KKR & Co. Inc. Stock Up 0.2 %

Shares of KKR stock opened at $158.94 on Tuesday. KKR & Co. Inc. has a 52-week low of $68.58 and a 52-week high of $161.11. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $141.18 billion, a price-to-earnings ratio of 48.31, a PEG ratio of 1.26 and a beta of 1.61. The firm’s 50-day moving average is $140.32 and its 200-day moving average is $121.92.

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 the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the previous year, the company earned $0.73 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Insider Transactions at KKR & Co. Inc.

In related 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 bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, 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 SEC, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

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.