Objective Capital Management LLC Takes $237,000 Position in KKR & Co. Inc. (NYSE:KKR)

Objective Capital Management LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,351 shares of the asset manager’s stock, valued at approximately $237,000.

Other institutional investors have also added to or reduced their stakes in the company. Soltis Investment Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $5,467,000. Cetera Advisors LLC acquired a new position in KKR & Co. Inc. in the first quarter valued at $1,952,000. Cetera Investment Advisers boosted its position in KKR & Co. Inc. by 550.1% during the first quarter. Cetera Investment Advisers now owns 83,851 shares of the asset manager’s stock valued at $8,434,000 after acquiring an additional 70,953 shares during the last quarter. PGGM Investments acquired a new stake in KKR & Co. Inc. during the 1st quarter worth about $1,297,000. Finally, Community Trust & Investment Co. raised its position in shares of KKR & Co. Inc. by 0.7% in the 1st quarter. Community Trust & Investment Co. now owns 80,421 shares of the asset manager’s stock worth $8,089,000 after acquiring an additional 574 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now directly owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The disclosure for this purchase can be found here. In the last three months, insiders have sold 37,554,644 shares of company stock worth $1,725,355,039. 39.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

KKR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday. JMP Securities boosted their price objective on KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday. Jefferies Financial Group decreased their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group boosted 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $11.13 during trading hours on Friday, hitting $108.62. The company’s stock had a trading volume of 7,437,565 shares, compared to its average volume of 3,721,407. The company has a market cap of $96.39 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.07 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50 day simple moving average of $109.59 and a two-hundred day simple moving average of $100.88. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned $0.58 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Monday, August 12th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.64%. KKR & Co. Inc.’s payout ratio is 15.70%.

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.