KKR & Co. Inc. (NYSE:KKR) Position Lifted by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc raised its position in KKR & Co. Inc. (NYSE:KKR) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,813 shares of the asset manager’s stock after buying an additional 683 shares during the quarter. KKR & Co. Inc. makes up approximately 3.0% of O ROURKE & COMPANY Inc’s portfolio, making the stock its 7th biggest position. O ROURKE & COMPANY Inc’s holdings in KKR & Co. Inc. were worth $5,982,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KKR. Rosenberg Matthew Hamilton grew its holdings in shares of KKR & Co. Inc. by 14.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,485 shares of the asset manager’s stock worth $194,000 after buying an additional 182 shares during the last quarter. US Bancorp DE increased its holdings in shares of KKR & Co. Inc. by 9.5% in the third quarter. US Bancorp DE now owns 50,816 shares of the asset manager’s stock valued at $6,636,000 after purchasing an additional 4,388 shares during the period. Petra Financial Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth approximately $750,000. First Trust Direct Indexing L.P. lifted its holdings in shares of KKR & Co. Inc. by 43.2% during the third quarter. First Trust Direct Indexing L.P. now owns 11,490 shares of the asset manager’s stock worth $1,500,000 after purchasing an additional 3,465 shares during the period. Finally, New York State Teachers Retirement System grew its position in KKR & Co. Inc. by 1.7% in the 3rd quarter. New York State Teachers Retirement System now owns 482,275 shares of the asset manager’s stock valued at $62,975,000 after buying an additional 7,972 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $1.77 during mid-day trading on Thursday, hitting $138.41. 683,198 shares of the company’s stock traded hands, compared to its average volume of 4,312,701. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $122.83 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62. The firm’s 50 day simple moving average is $129.74 and its 200 day simple moving average is $114.96. KKR & Co. Inc. has a 1 year low of $54.91 and a 1 year high of $147.15.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $0.73 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 3.97 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be given a $0.175 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was 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 in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on 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 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 SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares in the company, 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. Corporate insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Evercore ISI upped 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 report on Monday, October 14th. TD Cowen raised their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays boosted their target price on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Morgan Stanley raised their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Argus raised KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.64.

About KKR & Co. Inc.

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.