Jackson Wealth Management LLC Buys New Stake in KKR & Co. Inc. (NYSE:KKR)

by · The Cerbat Gem

Jackson Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,327 shares of the asset manager’s stock, valued at approximately $304,000.

A number of other large investors have also recently made changes to their positions in the stock. CENTRAL TRUST Co raised its holdings in shares of KKR & Co. Inc. by 227.0% in the third quarter. CENTRAL TRUST Co now owns 726 shares of the asset manager’s stock valued at $95,000 after acquiring an additional 504 shares in the last quarter. International Assets Investment Management LLC boosted its position in KKR & Co. Inc. by 11,197.2% in the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after buying an additional 339,946 shares during the last quarter. Greenleaf Trust boosted its position in KKR & Co. Inc. by 47.1% in the 3rd quarter. Greenleaf Trust now owns 5,693 shares of the asset manager’s stock worth $743,000 after purchasing an additional 1,824 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $335,000. Finally, Meadow Creek Wealth Advisors LLC increased its holdings in KKR & Co. Inc. by 8.2% in the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 3,070 shares of the asset manager’s stock worth $401,000 after acquiring an additional 232 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on KKR shares. HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group upped their price objective on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.43.

Check Out Our Latest Stock Report on KKR

Insiders Place Their Bets

In other news, 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 stock was sold at an average price of $25.75, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s 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 completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction on Wednesday, September 11th. The shares were purchased 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 approximately $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded up $5.07 during trading on Thursday, reaching $143.62. The stock had a trading volume of 1,769,637 shares, compared to its average volume of 4,353,963. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $147.07. The firm has a market capitalization of $127.45 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 1.14 and a beta of 1.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $127.61 and a two-hundred day simple moving average of $113.53.

KKR & Co. Inc. (NYSE:KKR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company earned $0.58 earnings per share. As a group, analysts anticipate that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.49%. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

KKR & Co. Inc. Profile

(Free Report)

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.

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