MGB Wealth Management LLC Purchases 500 Shares of KKR & Co. Inc. (NYSE:KKR)

MGB Wealth Management LLC grew its position in KKR & Co. Inc. (NYSE:KKR) by 10.8% during the third quarter, HoldingsChannel.com reports. The firm owned 5,150 shares of the asset manager’s stock after buying an additional 500 shares during the quarter. MGB Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $672,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after purchasing an additional 124,257 shares in the last quarter. Legal & General Group Plc raised its holdings in KKR & Co. Inc. by 5.7% during the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock worth $628,147,000 after acquiring an additional 323,189 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in KKR & Co. Inc. by 64.7% during the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after acquiring an additional 1,585,447 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in KKR & Co. Inc. by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,686,870 shares of the asset manager’s stock worth $481,431,000 after acquiring an additional 60,611 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its holdings in KKR & Co. Inc. by 3.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager’s stock worth $380,442,000 after acquiring an additional 127,726 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $158.63 on Friday. KKR & Co. Inc. has a 12 month low of $67.99 and a 12 month high of $159.58. The stock’s 50 day moving average is $139.68 and its 200-day moving average is $121.21. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $140.90 billion, a price-to-earnings ratio of 48.22, a PEG ratio of 1.25 and a beta of 1.61.

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

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KKR has been the topic of several analyst reports. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Redburn Atlantic initiated coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Morgan Stanley upped their target price 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. JMP Securities boosted their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Finally, Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.14.

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.