2,908 Shares in KKR & Co. Inc. $KKR Acquired by Kera Capital Partners Inc.

Kera Capital Partners Inc. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,908 shares of the asset manager’s stock, valued at approximately $387,000.

Several other institutional investors have also recently modified their holdings of KKR. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $28,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $38,000. Finally, GW&K Investment Management LLC raised its position in shares of KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after purchasing an additional 111 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman directly owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KKR. Barclays lifted their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective on the stock. in a report on Wednesday, July 9th. Citizens Jmp lowered shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Finally, JMP Securities restated a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.07.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $143.48 on Friday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $127.83 billion, a PE ratio of 66.74, a P/E/G ratio of 1.60 and a beta of 1.93. The company’s 50 day simple moving average is $142.43 and its 200 day simple moving average is $126.34.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business earned $1.09 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.5%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.