Caldwell Investment Management Ltd. Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Caldwell Investment Management Ltd. boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 3.3% during the 3rd quarter, Holdings Channel reports. The firm owned 206,500 shares of the asset manager’s stock after acquiring an additional 6,500 shares during the period. KKR & Co. Inc. makes up about 19.2% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its largest holding. Caldwell Investment Management Ltd.’s holdings in KKR & Co. Inc. were worth $27,273,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after buying an additional 218 shares during the last quarter. Mather Group LLC. raised its stake in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $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. Raleigh Capital Management Inc. boosted its position in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the period. Finally, Eastern Bank purchased a new position in shares of KKR & Co. Inc. in the third quarter worth about $34,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 1.6 %

Shares of NYSE:KKR opened at $152.46 on Tuesday. The firm has a market capitalization of $135.42 billion, a PE ratio of 46.34, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $66.75 and a 52-week high of $156.54. The firm has a fifty day moving average of $136.16 and a 200 day moving average of $119.52.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.73 EPS. As a group, research analysts anticipate that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s payout ratio is presently 21.28%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Morgan Stanley raised their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup increased their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, TD Cowen lifted their target price on KKR & Co. Inc. from $166.00 to $184.00 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.93.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction on Wednesday, September 11th. The shares were acquired 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 $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

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.