BLB&B Advisors LLC Invests $208,000 in KKR & Co. Inc. $KKR

BLB&B Advisors LLC bought a new position in KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,560 shares of the asset manager’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new position in KKR & Co. Inc. during the 1st quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. increased its position in KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after buying an additional 245 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. during the 1st quarter valued at approximately $38,000. GW&K Investment Management LLC increased its position in 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 valued at $42,000 after buying an additional 111 shares in the last quarter. Finally, SouthState Corp bought a new position in KKR & Co. Inc. during the 1st quarter valued at approximately $44,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of analyst reports. Citigroup reduced their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective for the company. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. JMP Securities reissued a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Finally, Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $157.27.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Performance

KKR stock opened at $118.36 on Friday. The company has a market cap of $105.45 billion, a P/E ratio of 55.05, a price-to-earnings-growth ratio of 1.33 and a beta of 1.91. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year 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 stock’s fifty day moving average price is $131.94 and its 200-day moving average price is $130.08.

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

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.