KKR & Co. Inc. (NYSE:KKR) Position Boosted by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lifted its position in KKR & Co. Inc. (NYSE:KKR) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,650 shares of the asset manager’s stock after buying an additional 1,412 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in KKR & Co. Inc. were worth $2,615,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KKR. Riverview Trust Co bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $27,000. Versant Capital Management Inc grew its stake 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 buying an additional 218 shares in the last quarter. Mather Group LLC. grew its stake 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 buying an additional 208 shares in the last quarter. American National Bank grew its stake 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 buying an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at approximately $38,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $1,034,644,621.92. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KKR has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Redburn Atlantic began coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. TD Cowen boosted their target price on KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $128.27.

KKR & Co. Inc. Stock Up 0.3 %

Shares of KKR stock opened at $133.23 on Monday. The stock has a 50 day moving average of $118.86 and a 200-day moving average of $107.90. 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 firm has a market cap of $118.23 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $133.84.

KKR & Co. Inc. (NYSE:KKR) last issued its 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 business had revenue of $4.17 billion during the quarter, compared to analyst estimates 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 company posted $0.58 earnings per share. On average, equities analysts predict that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. KKR & Co. Inc.’s payout ratio is 15.70%.

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.