Wellington Shields Capital Management LLC Buys Shares of 10,150 KKR & Co Inc (KKR)

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Wellington Shields Capital Management LLC bought a new stake in shares of KKR & Co Inc (NYSE:KKR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,150 shares of the asset manager’s stock, valued at approximately $277,000.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC grew its holdings in KKR & Co Inc by 4.6% in the 2nd quarter. FMR LLC now owns 27,636,830 shares of the asset manager’s stock worth $686,775,000 after acquiring an additional 1,202,775 shares during the last quarter. Moon Capital Management LLC bought a new stake in KKR & Co Inc in the 3rd quarter worth $2,870,000. BB&T Securities LLC bought a new stake in KKR & Co Inc in the 2nd quarter worth $247,000. Raymond James Financial Services Advisors Inc. bought a new stake in KKR & Co Inc in the 2nd quarter worth $1,613,000. Finally, Curbstone Financial Management Corp bought a new stake in KKR & Co Inc in the 3rd quarter worth $2,349,000. 62.60% of the stock is currently owned by institutional investors.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr purchased 13,402 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average cost of $13.48 per share, with a total value of $180,658.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have purchased 130,656 shares of company stock valued at $1,914,185.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, October 17th. Citigroup raised their target price on shares of KKR & Co Inc from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Oppenheimer set a $35.00 target price on shares of KKR & Co Inc and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $32.00 target price on shares of KKR & Co Inc in a research report on Friday, July 27th. Finally, Deutsche Bank dropped their target price on shares of KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, October 11th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $30.33.

NYSE:KKR opened at $23.79 on Friday. KKR & Co Inc has a 12 month low of $18.74 and a 12 month high of $28.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 0.90. The stock has a market capitalization of $13.09 billion, a PE ratio of 12.43, a P/E/G ratio of 1.11 and a beta of 1.63.

KKR & Co Inc (NYSE:KKR) last posted its earnings results on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.95%. The firm had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $401.39 million. As a group, research analysts forecast that KKR & Co Inc will post 1.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, November 5th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $0.50 annualized dividend and a dividend yield of 2.10%. KKR & Co Inc’s dividend payout ratio is 21.01%.

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KKR & Co Inc Profile

KKR & Co L.P. 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, and middle market investments.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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