Integrated Advisors Network LLC Has $6.58 Million Stock Holdings in KKR & Co. Inc. $KKR

Integrated Advisors Network LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 22.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 50,593 shares of the asset manager’s stock after acquiring an additional 9,181 shares during the quarter. Integrated Advisors Network LLC’s holdings in KKR & Co. Inc. were worth $6,575,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $218,000. Sivia Capital Partners LLC increased its position in shares of KKR & Co. Inc. by 13.1% in the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after acquiring an additional 237 shares in the last quarter. United Bank acquired a new stake in shares of KKR & Co. Inc. during the second quarter valued at approximately $769,000. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of KKR & Co. Inc. by 127.5% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 4,779 shares of the asset manager’s stock valued at $636,000 after acquiring an additional 2,678 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Joseph Y. Bae purchased 125,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the acquisition, the chief executive officer owned 509,257 shares of the company’s stock, valued at $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, February 9th. The stock was acquired at an average cost of $104.93 per share, with a total value of $5,246,500.00. Following the purchase, the director owned 235,000 shares in the company, valued at $24,658,550. The trade was a 27.03% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 343,872 shares of company stock worth $35,367,179 in the last ninety days. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $93.52 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $153.87. The business has a fifty day simple moving average of $117.89 and a 200 day simple moving average of $125.99. The firm has a market cap of $83.36 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 0.76 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the firm earned $1.32 EPS. The business’s revenue for the quarter was up 76.1% compared to the same quarter last year. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.185 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is currently 31.62%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research analyst reports. Barclays lowered their price objective on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada started coverage on KKR & Co. Inc. in a report on Tuesday. They set an “outperform” rating and a $137.00 price target on the stock. Oppenheimer dropped their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, UBS Group lowered their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $152.40.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.