OneDigital Investment Advisors LLC Has $1.98 Million Position in KKR & Co. Inc. (NYSE:KKR)

OneDigital Investment Advisors LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 42.1% during the third quarter, Holdings Channel reports. The institutional investor owned 15,136 shares of the asset manager’s stock after purchasing an additional 4,481 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,976,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of KKR & Co. Inc. by 309.8% in the 1st quarter. Covestor Ltd now owns 1,463 shares of the asset manager’s stock valued at $147,000 after buying an additional 1,106 shares in the last quarter. Trustmark National Bank Trust Department acquired a new position in KKR & Co. Inc. in the first quarter worth about $303,000. Bahl & Gaynor Inc. bought a new position in KKR & Co. Inc. during the first quarter worth about $201,000. O Shaughnessy Asset Management LLC grew its position in KKR & Co. Inc. by 30.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,076 shares of the asset manager’s stock valued at $1,516,000 after acquiring an additional 3,502 shares during the period. Finally, Bessemer Group Inc. raised its stake in KKR & Co. Inc. by 107.0% during the first quarter. Bessemer Group Inc. now owns 36,455 shares of the asset manager’s stock worth $3,667,000 after acquiring an additional 18,848 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Down 0.3 %

Shares of NYSE:KKR opened at $150.02 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $133.25 billion, a price-to-earnings ratio of 45.60, a P/E/G ratio of 1.20 and a beta of 1.61. The company has a 50 day moving average of $136.16 and a 200-day moving average of $119.35. KKR & Co. Inc. has a one year low of $65.91 and a one year high of $156.54.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $0.73 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced 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. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

Wall Street Analyst Weigh In

KKR has been the topic of several recent analyst reports. Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Oppenheimer upped 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 note on Wednesday, October 16th. Barclays raised their price objective on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JMP Securities raised their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. One 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.93.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the insider now directly 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. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. 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.