DRW Securities LLC Grows Position in KKR & Co. Inc. (NYSE:KKR)

DRW Securities LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 110.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,569 shares of the asset manager’s stock after purchasing an additional 5,538 shares during the quarter. DRW Securities LLC’s holdings in KKR & Co. Inc. were worth $1,380,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Dudley Capital Management LLC grew its holdings in KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after purchasing an additional 80 shares during the period. FWG Holdings LLC grew its stake in KKR & Co. Inc. by 1.6% during the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock worth $717,000 after buying an additional 80 shares during the period. Sigma Planning Corp grew its stake in KKR & Co. Inc. by 1.3% during the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock worth $847,000 after buying an additional 81 shares during the period. Connable Office Inc. grew its stake in KKR & Co. Inc. by 0.4% during the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock worth $2,522,000 after buying an additional 82 shares during the period. Finally, OLD National Bancorp IN grew its stake in KKR & Co. Inc. by 1.3% during the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock worth $846,000 after buying an additional 85 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KKR has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley boosted their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $154.14.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were acquired 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 directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Up 0.2 %

KKR opened at $158.94 on Tuesday. The stock has a market capitalization of $141.18 billion, a PE ratio of 48.31, a P/E/G ratio of 1.26 and a beta of 1.61. The firm’s fifty day moving average price is $140.32 and its 200 day moving average price is $121.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 12-month low of $68.58 and a 12-month high of $161.11.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the company posted $0.73 earnings per share. As a group, research analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

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.