Lavaca Capital LLC Invests $10.05 Million in KKR & Co. Inc. (NYSE:KKR)

Lavaca Capital LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 95,500 shares of the asset manager’s stock, valued at approximately $10,050,000. KKR & Co. Inc. makes up approximately 5.2% of Lavaca Capital LLC’s holdings, making the stock its 3rd biggest position.

Other hedge funds also recently made changes to their positions in the company. Advisor Resource Council bought a new position in KKR & Co. Inc. during the first quarter valued at approximately $1,001,000. Wealth Enhancement Advisory Services LLC raised its position in KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock worth $14,444,000 after purchasing an additional 111,881 shares during the period. Quadrature Capital Ltd bought a new stake in KKR & Co. Inc. in the fourth quarter worth $3,932,000. Janney Montgomery Scott LLC lifted its stake in KKR & Co. Inc. by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock worth $10,113,000 after purchasing an additional 6,406 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in KKR & Co. Inc. by 219.5% during the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after buying an additional 11,134,363 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other KKR & Co. Inc. 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 purchased at an average cost 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated 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 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 the SEC website. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost 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 in the company, valued at approximately $1,034,644,621.92. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Up 0.3 %

KKR stock opened at $133.23 on Friday. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $133.84. The company has a market capitalization of $118.23 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. The business’s 50 day moving average price is $118.86 and its two-hundred day moving average price is $107.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07.

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 the consensus estimate of $0.89 by $0.20. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.58 earnings per share. As a group, analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Analyst Ratings Changes

KKR has been the subject of a number of recent research reports. Barclays boosted their target price on KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday. JMP Securities increased their price objective on 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. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.27.

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.