Pitcairn Co. Takes $216,000 Position in KKR & Co. Inc. (NYSE:KKR)

Pitcairn Co. acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,655 shares of the asset manager’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KKR. Versant Capital Management Inc increased its holdings in shares of KKR & Co. Inc. by 622.9% in the 2nd 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. grew its position in KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares in the last quarter. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the third quarter valued at $31,000. Raleigh Capital Management Inc. raised its position in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Finally, Eastern Bank bought a new stake in KKR & Co. Inc. during the third quarter worth about $34,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated 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 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 sale 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 the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now directly 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. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KKR shares. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen lifted their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays upped their price objective on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Morgan Stanley lifted their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, Argus upgraded shares of 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 assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from 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

KKR opened at $160.13 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $142.23 billion, a PE ratio of 48.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.61. The stock’s 50 day moving average price is $141.61 and its 200-day moving average price is $122.59. KKR & Co. Inc. has a 52-week low of $68.89 and a 52-week high of $162.73.

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 during the quarter, compared to analyst estimates 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 prior year, the business earned $0.73 EPS. On average, equities research analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

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.