Raymond James Trust N.A. acquired a new stake in KKR & Co Inc (NYSE:KKR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,591 shares of the asset manager’s stock, valued at approximately $207,000.
Several other institutional investors have also made changes to their positions in KKR. Janney Montgomery Scott LLC lifted its position in shares of KKR & Co Inc by 3.3% in the second quarter. Janney Montgomery Scott LLC now owns 60,422 shares of the asset manager’s stock valued at $1,501,000 after acquiring an additional 1,956 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of KKR & Co Inc by 36.1% in the second quarter. Alps Advisors Inc. now owns 533,700 shares of the asset manager’s stock valued at $13,262,000 after acquiring an additional 141,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of KKR & Co Inc in the second quarter valued at about $1,613,000. LLBH Private Wealth Management LLC lifted its position in shares of KKR & Co Inc by 6.1% in the second quarter. LLBH Private Wealth Management LLC now owns 101,476 shares of the asset manager’s stock valued at $2,522,000 after acquiring an additional 5,815 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of KKR & Co Inc by 1,652.1% in the second quarter. Sei Investments Co. now owns 101,377 shares of the asset manager’s stock valued at $2,519,000 after acquiring an additional 95,591 shares in the last quarter. Institutional investors and hedge funds own 73.65% of the company’s stock.
In related news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $40.20, for a total value of $404,181,211.80. The transaction was disclosed in a filing with the SEC, which is available through this link.
NYSE:KKR opened at $22.20 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $12.13 billion, a P/E ratio of 9.33, a PEG ratio of 1.04 and a beta of 1.60. KKR & Co Inc has a 12 month low of $19.11 and a 12 month high of $28.73.
KKR & Co Inc (NYSE:KKR) last posted its earnings results on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $491.50 million for the quarter, compared to the consensus estimate of $401.39 million. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. On average, equities research analysts anticipate that KKR & Co Inc will post 1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Monday, November 5th were given a $0.125 dividend. The ex-dividend date was Friday, November 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.25%. KKR & Co Inc’s dividend payout ratio is currently 21.01%.
KKR has been the topic of several research analyst reports. Oppenheimer set a $35.00 price objective on KKR & Co Inc and gave the company a “buy” rating in a research report on Thursday, October 25th. Argus upgraded KKR & Co Inc from a “hold” rating to a “buy” rating and set a $31.33 price objective on the stock in a research report on Friday, October 26th. They noted that the move was a valuation call. Zacks Investment Research upgraded KKR & Co Inc from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Deutsche Bank lowered their price objective on KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, October 11th. Finally, Bank of America downgraded KKR & Co Inc from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research report on Wednesday, October 10th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $29.87.
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KKR & Co Inc Profile
KKR & Co L.P. 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, and middle market investments.
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