IHT Wealth Management LLC Increases Position in KKR & Co. Inc. (NYSE:KKR)

IHT Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,168 shares of the asset manager’s stock after acquiring an additional 1,491 shares during the period. IHT Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,850,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Investment Management Corp of Ontario boosted its holdings in KKR & Co. Inc. by 50.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 20,684 shares of the asset manager’s stock valued at $2,701,000 after purchasing an additional 6,900 shares during the last quarter. HighTower Advisors LLC boosted its holdings in KKR & Co. Inc. by 18.2% in the 3rd quarter. HighTower Advisors LLC now owns 85,451 shares of the asset manager’s stock valued at $11,140,000 after purchasing an additional 13,172 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $209,000. Cinctive Capital Management LP acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $4,725,000. Finally, Benjamin Edwards Inc. boosted its holdings in KKR & Co. Inc. by 48.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,123 shares of the asset manager’s stock valued at $538,000 after purchasing an additional 1,345 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 18.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 0.2 %

Shares of NYSE:KKR opened at $157.60 on Thursday. KKR & Co. Inc. has a 52 week low of $74.47 and a 52 week high of $163.68. The company’s 50 day moving average is $144.31 and its two-hundred day moving average is $124.54. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $139.98 billion, a PE ratio of 47.90, a P/E/G ratio of 1.27 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm 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 last year, the firm posted $0.73 EPS. Equities analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Analyst Ratings Changes

Several equities analysts have weighed in on KKR shares. The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. 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 report on Wednesday, October 16th. Finally, JMP Securities upped their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock 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 given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $154.14.

About KKR & Co. Inc.

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.