EverSource Wealth Advisors LLC Has $12.84 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

EverSource Wealth Advisors LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 98,342 shares of the asset manager’s stock after selling 1,089 shares during the quarter. KKR & Co. Inc. comprises 0.8% of EverSource Wealth Advisors LLC’s portfolio, making the stock its 28th biggest holding. EverSource Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $12,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in KKR. O Shaughnessy Asset Management LLC grew its position in KKR & Co. Inc. by 30.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,076 shares of the asset manager’s stock worth $1,516,000 after buying an additional 3,502 shares in the last quarter. Bessemer Group Inc. lifted 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 purchasing an additional 18,848 shares during the period. Lake Street Advisors Group LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $526,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $2,514,000. Finally, Crewe Advisors LLC bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $47,000. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group increased their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Citigroup raised their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.14.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of 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 trade represents a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents 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. Trading Down 0.6 %

KKR & Co. Inc. stock traded down $0.96 during midday trading on Wednesday, hitting $151.82. 230,145 shares of the stock were exchanged, compared to its average volume of 4,237,875. The stock has a market capitalization of $134.85 billion, a PE ratio of 46.43, a P/E/G ratio of 1.20 and a beta of 1.61. The company has a fifty day simple moving average of $137.54 and a two-hundred day simple moving average of $120.31. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52 week low of $67.64 and a 52 week high of $156.54.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter last year, the business posted $0.73 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

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.