Community Trust & Investment Co. Has $10.70 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Community Trust & Investment Co. boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 81,916 shares of the asset manager’s stock after acquiring an additional 2,087 shares during the quarter. Community Trust & Investment Co.’s holdings in KKR & Co. Inc. were worth $10,697,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KKR. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $217,004,000. Canada Pension Plan Investment Board boosted its stake in shares of KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after purchasing an additional 2,133,290 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of KKR & Co. Inc. during the second quarter worth about $154,468,000. Finally, Capital World Investors increased its stake in shares of KKR & Co. Inc. by 7.4% in the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after buying an additional 1,139,784 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the 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 transaction, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 stock was 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 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.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KKR. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Monday, October 7th. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley raised their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, Evercore ISI lifted their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.43.

KKR & Co. Inc. Stock Down 0.3 %

Shares of KKR & Co. Inc. stock opened at $140.17 on Wednesday. The stock’s 50-day moving average is $127.21 and its 200 day moving average is $113.35. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $141.68. The firm has a market cap of $124.39 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.14 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.20. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period in the previous year, the firm earned $0.58 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 3.97 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

KKR & Co. Inc. Company 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.