Kesler Norman & Wride LLC Makes New $996,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Kesler Norman & Wride LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,625 shares of the asset manager’s stock, valued at approximately $996,000.

A number of other institutional investors have also recently made changes to their positions in KKR. Cibc World Markets Corp bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $1,327,000. Connectus Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $853,000. Evercore Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $253,000. Sei Investments Co. grew its position in shares of KKR & Co. Inc. by 325.2% in the 4th quarter. Sei Investments Co. now owns 865,628 shares of the asset manager’s stock valued at $71,717,000 after buying an additional 662,050 shares during the last quarter. Finally, XML Financial LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $263,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The stock was 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 approximately $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $131.36 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The company has a market cap of $116.57 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The business has a 50 day moving average price of $121.95 and a 200-day moving average price of $110.32. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $134.85.

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

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors 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 dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

Analyst Ratings Changes

Several equities research analysts recently commented on KKR shares. The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $137.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Oppenheimer upped their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Cowen upped their target price on KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup upped their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Evercore ISI upped their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $134.93.

KKR & Co. Inc. 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.