New Century Financial Group LLC Makes New $376,000 Investment in KKR & Co. Inc. (NYSE:KKR)

New Century Financial Group LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,573 shares of the asset manager’s stock, valued at approximately $376,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its holdings in KKR & Co. Inc. by 13.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after purchasing an additional 89 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in KKR & Co. Inc. by 2.1% during the 2nd quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock worth $490,000 after purchasing an additional 94 shares during the last quarter. Premier Path Wealth Partners LLC raised its holdings in KKR & Co. Inc. by 2.4% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after purchasing an additional 99 shares during the last quarter. Whittier Trust Co. raised its holdings in KKR & Co. Inc. by 4.5% during the 1st quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after purchasing an additional 103 shares during the last quarter. Finally, First Bank & Trust raised its holdings in KKR & Co. Inc. by 1.6% during the 2nd quarter. First Bank & Trust now owns 6,536 shares of the asset manager’s stock worth $688,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $129.83 on Wednesday. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $134.85. The stock has a market cap of $115.21 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 1.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50-day simple moving average is $121.04 and its 200 day simple moving average is $109.57.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $0.58 EPS. As a group, research analysts anticipate 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 announced 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. The ex-dividend date was Monday, August 12th. This represents a $0.70 annualized dividend and a dividend yield of 0.54%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Wall Street Analyst Weigh In

KKR has been the subject of several analyst reports. The Goldman Sachs Group raised their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Citigroup raised their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, HSBC started coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $128.27.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. 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 transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. 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 transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. 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.