Sivia Capital Partners LLC Invests $221,000 in KKR & Co. Inc. (NYSE:KKR)

Sivia Capital Partners LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,694 shares of the asset manager’s stock, valued at approximately $221,000.

A number of other hedge funds also recently modified their holdings of KKR. Riverview Trust Co acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth about $27,000. Versant Capital Management Inc increased its position in KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after acquiring an additional 218 shares during the period. Mather Group LLC. increased its position in KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares during the period. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. during the third quarter worth about $31,000. Finally, American National Bank increased its position in KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after acquiring an additional 235 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.6 %

Shares of NYSE KKR traded up $0.76 during trading on Monday, hitting $136.35. The stock had a trading volume of 914,150 shares, compared to its average volume of 4,410,999. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $137.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $121.00 billion, a PE ratio of 30.71, a PEG ratio of 1.14 and a beta of 1.62. The firm has a fifty day moving average of $123.47 and a two-hundred day moving average of $111.46.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.20. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter in the prior year, the business posted $0.58 EPS. As a group, equities research analysts forecast that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KKR shares. Citigroup raised their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. HSBC began coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price on the stock. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Buying and Selling 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 dated 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. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

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.