B & T Capital Management DBA Alpha Capital Management Has $10.66 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

B & T Capital Management DBA Alpha Capital Management lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,656 shares of the asset manager’s stock after selling 6,075 shares during the quarter. KKR & Co. Inc. comprises 2.0% of B & T Capital Management DBA Alpha Capital Management’s investment portfolio, making the stock its 11th biggest position. B & T Capital Management DBA Alpha Capital Management’s holdings in KKR & Co. Inc. were worth $10,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Riverview Trust Co bought a new position in KKR & Co. Inc. in the first quarter valued at about $27,000. Versant Capital Management Inc grew its position in KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 218 shares during the last quarter. Mather Group LLC. grew its position in KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 208 shares during the last quarter. American National Bank grew its position in KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 235 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new position in KKR & Co. Inc. in the second quarter valued at about $38,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Redburn Atlantic began coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. Oppenheimer boosted their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on KKR & Co. Inc. from $137.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Barclays boosted their price target on KKR & Co. Inc. from $146.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Citigroup boosted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.64.

KKR & Co. Inc. Trading Down 0.0 %

Shares of KKR & Co. Inc. stock traded down $0.02 during midday trading on Thursday, reaching $134.93. The company had a trading volume of 1,183,456 shares, compared to its average volume of 4,430,538. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $135.25. The stock has a fifty day moving average price of $122.66 and a 200 day moving average price of $110.91. The firm has a market cap of $119.74 billion, a PE ratio of 30.31, a P/E/G ratio of 1.11 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last issued its 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 return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. On average, equities analysts anticipate that KKR & Co. Inc. will post 3.99 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders 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 0.52%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

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.