FWG Holdings LLC Purchases 80 Shares of KKR & Co. Inc. (NYSE:KKR)

FWG Holdings LLC lifted its position in KKR & Co. Inc. (NYSE:KKR) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,096 shares of the asset manager’s stock after purchasing an additional 80 shares during the quarter. FWG Holdings LLC’s holdings in KKR & Co. Inc. were worth $717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC lifted its position in KKR & Co. Inc. by 5.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,542 shares of the asset manager’s stock valued at $985,000 after purchasing an additional 361 shares during the period. Vertex Planning Partners LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $265,000. Caprock Group LLC boosted its stake in shares of KKR & Co. Inc. by 76.6% during the 3rd quarter. Caprock Group LLC now owns 6,112 shares of the asset manager’s stock worth $798,000 after buying an additional 2,651 shares during the last quarter. Caldwell Investment Management Ltd. boosted its position in KKR & Co. Inc. by 3.3% during the third quarter. Caldwell Investment Management Ltd. now owns 206,500 shares of the asset manager’s stock valued at $27,273,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its position in KKR & Co. Inc. by 12.4% during the third quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager’s stock valued at $8,112,000 after purchasing an additional 6,873 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 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, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KKR. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Finally, Citigroup raised their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $152.93.

KKR & Co. Inc. Trading Up 1.6 %

NYSE KKR opened at $152.46 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $66.75 and a twelve month high of $156.54. The company has a market cap of $135.42 billion, a price-to-earnings ratio of 46.34, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. The business’s fifty day moving average is $136.16 and its 200 day moving average is $119.52.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the previous year, the business earned $0.73 EPS. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s 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.