Cerity Partners LLC Purchases 8,333 Shares of KKR & Co. Inc. (NYSE:KKR)

Cerity Partners LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.6% in the 3rd quarter, Holdings Channel reports. The fund owned 189,960 shares of the asset manager’s stock after buying an additional 8,333 shares during the period. Cerity Partners LLC’s holdings in KKR & Co. Inc. were worth $24,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KKR. Canada Pension Plan Investment Board grew its holdings in KKR & Co. Inc. by 198.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after acquiring an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp increased its stake in KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth about $154,468,000. Massachusetts Financial Services Co. MA raised its stake in shares of KKR & Co. Inc. by 6.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after purchasing an additional 996,871 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in KKR & Co. Inc. by 315.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock valued at $124,623,000 after acquiring an additional 895,891 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KKR shares. Morgan Stanley boosted their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JMP Securities raised their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.14.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $158.63 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. KKR & Co. Inc. has a one year low of $67.99 and a one year high of $159.58. The business’s 50 day simple moving average is $139.68 and its two-hundred day simple moving average is $121.52. The stock has a market capitalization of $140.90 billion, a P/E ratio of 48.22, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results 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 company had revenue of $4.79 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.73 earnings per share. Analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio is currently 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.