Arkadios Wealth Advisors Acquires 12,512 Shares of KKR & Co. Inc. (NYSE:KKR)

Arkadios Wealth Advisors lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 316.7% during the 3rd quarter, Holdings Channel reports. The firm owned 16,463 shares of the asset manager’s stock after purchasing an additional 12,512 shares during the period. Arkadios Wealth Advisors’ holdings in KKR & Co. Inc. were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after acquiring an additional 111,881 shares in the last quarter. O ROURKE & COMPANY Inc lifted its position in KKR & Co. Inc. by 2.4% during the first quarter. O ROURKE & COMPANY Inc now owns 44,647 shares of the asset manager’s stock worth $4,491,000 after purchasing an additional 1,066 shares during the period. Allspring Global Investments Holdings LLC grew its stake in KKR & Co. Inc. by 227.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,380 shares of the asset manager’s stock worth $1,446,000 after buying an additional 9,982 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in KKR & Co. Inc. during the first quarter worth about $218,000. Finally, Valley National Advisers Inc. increased its holdings in KKR & Co. Inc. by 62.5% in the 1st quarter. Valley National Advisers Inc. now owns 1,282 shares of the asset manager’s stock valued at $128,000 after buying an additional 493 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 2.4 %

Shares of NYSE KKR opened at $139.88 on Friday. The company has a 50 day simple moving average of $128.49 and a 200 day simple moving average of $114.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $147.15. The firm has a market cap of $124.14 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter last year, the firm earned $0.73 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 3.97 EPS 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. Investors of record on Monday, November 4th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 16.51%.

Insiders Place Their Bets

In related 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 completion of the purchase, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup upped their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday. Evercore ISI boosted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, JMP Securities raised their price objective on KKR & Co. Inc. from $135.00 to $150.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.29.

KKR & Co. Inc. Company 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.