Quarry LP Purchases 1,254 Shares of KKR & Co. Inc. (NYSE:KKR)

Quarry LP increased its position in KKR & Co. Inc. (NYSE:KKR) by 915.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,391 shares of the asset manager’s stock after purchasing an additional 1,254 shares during the quarter. Quarry LP’s holdings in KKR & Co. Inc. were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. Riverview Trust Co bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $27,000. Versant Capital Management Inc raised 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 valued at $27,000 after purchasing an additional 218 shares during the period. Mather Group LLC. raised its holdings in shares of KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 208 shares during the period. American National Bank raised its holdings in shares of KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 235 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at about $38,000. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JMP Securities upped their price target on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. TD Cowen upped their price target on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays upped their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.27.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $130.57 on Tuesday. The company has a 50 day moving average of $120.55 and a 200-day moving average of $109.09. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $134.85. 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 market cap of $115.87 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62.

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

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred 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 owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were 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 approximately $650,470,003.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 stock was bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

About KKR & Co. Inc.

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.