10,800 Shares of KKR & Co. Inc. $KKR Acquired by Adams Asset Advisors LLC

Adams Asset Advisors LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,800 shares of the asset manager’s stock, valued at approximately $986,000.

Several other hedge funds also recently modified their holdings of KKR. Apella Capital LLC raised its holdings in KKR & Co. Inc. by 7.9% during the third quarter. Apella Capital LLC now owns 4,256 shares of the asset manager’s stock worth $382,000 after acquiring an additional 310 shares in the last quarter. Everhart Financial Group Inc. grew its stake in KKR & Co. Inc. by 10.6% in the third quarter. Everhart Financial Group Inc. now owns 3,209 shares of the asset manager’s stock valued at $293,000 after purchasing an additional 308 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in KKR & Co. Inc. by 8.6% in the third quarter. Avidian Wealth Enterprises LLC now owns 2,665 shares of the asset manager’s stock valued at $243,000 after purchasing an additional 211 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in KKR & Co. Inc. by 10.5% in the third quarter. Valeo Financial Advisors LLC now owns 5,806 shares of the asset manager’s stock valued at $530,000 after purchasing an additional 554 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $608,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 23.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Friday, September 11th. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. HSBC increased their price target on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company began coverage on shares of KKR & Co. Inc. in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.08.

KKR & Co. Inc. Stock Performance

KKR traded down $0.09 during trading hours on Thursday, reaching $89.58. The company’s stock had a trading volume of 6,521,288 shares, compared to its average volume of 5,557,148. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84. The company’s 50-day moving average is $102.85 and its 200-day moving average is $98.57. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $80.41 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 0.79 and a beta of 1.83.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $1.18 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 6.22 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were issued a dividend of $0.1950 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. KKR & Co. Inc.’s payout ratio is presently 24.84%.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.