Benjamin F. Edwards & Company Inc. Acquires 89 Shares of KKR & Co. Inc. (NYSE:KKR)

Benjamin F. Edwards & Company Inc. raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 769 shares of the asset manager’s stock after purchasing an additional 89 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in KKR & Co. Inc. were worth $81,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KKR. Gilbert & Cook Inc. grew its position in shares of KKR & Co. Inc. by 5.8% during the 4th quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock valued at $1,204,000 after purchasing an additional 792 shares in the last quarter. Hsbc Holdings PLC increased its stake in KKR & Co. Inc. by 27.7% in the 4th quarter. Hsbc Holdings PLC now owns 220,572 shares of the asset manager’s stock worth $18,283,000 after acquiring an additional 47,866 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of KKR & Co. Inc. by 0.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 28,294 shares of the asset manager’s stock valued at $2,344,000 after acquiring an additional 160 shares in the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $582,000. Finally, TFO Wealth Partners LLC grew its holdings in shares of KKR & Co. Inc. by 99,142.9% during the fourth quarter. TFO Wealth Partners LLC now owns 6,947 shares of the asset manager’s stock worth $580,000 after purchasing an additional 6,940 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $132.13 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $120.21 and a 200-day moving average price of $108.71. The company has a market cap of $117.25 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $134.85.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business posted $0.58 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 3.99 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KKR. HSBC began coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Oppenheimer upped their price objective on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.27.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price 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 in the company, valued at approximately $1,034,644,621.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $25.75, for a total value 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 $650,470,003.25. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

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.