Pathstone Holdings LLC Has $8.11 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Pathstone Holdings LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,125 shares of the asset manager’s stock after purchasing an additional 6,873 shares during the period. Pathstone Holdings LLC’s holdings in KKR & Co. Inc. were worth $8,112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc grew its stake in shares of KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after buying an additional 218 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 208 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter worth $31,000. Raleigh Capital Management Inc. increased its holdings in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares in the last quarter. Finally, Eastern Bank bought a new position in KKR & Co. Inc. in the third quarter valued at about $34,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of several analyst reports. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Citigroup lifted 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. Evercore ISI increased their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. The Goldman Sachs Group lifted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.14.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $157.67 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $140.05 billion, a PE ratio of 46.24, a price-to-earnings-growth ratio of 1.21 and a beta of 1.61. The firm’s 50 day moving average price is $138.21 and its 200-day moving average price is $120.54. KKR & Co. Inc. has a twelve month low of $67.99 and a twelve month high of $158.46.

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. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities research analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The shares were bought 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. The trade was 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 owned by company insiders.

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.