Plato Investment Management Ltd Acquires Shares of 743 KKR & Co. Inc. (NYSE:KKR)

Plato Investment Management Ltd bought a new position in KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 743 shares of the asset manager’s stock, valued at approximately $97,000.

A number of other hedge funds also recently bought and sold shares of KKR. Dudley Capital Management LLC increased its stake in shares of KKR & Co. Inc. by 2.7% during the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after buying an additional 80 shares during the period. Sigma Planning Corp boosted its holdings in KKR & Co. Inc. by 1.3% in the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after acquiring an additional 81 shares in the last quarter. OLD National Bancorp IN increased its position in KKR & Co. Inc. by 1.3% during the 3rd quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock valued at $846,000 after purchasing an additional 85 shares during the period. Raleigh Capital Management Inc. increased its position in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in KKR & Co. Inc. by 13.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.3 %

KKR & Co. Inc. stock opened at $150.03 on Friday. The firm has a market cap of $133.26 billion, a price-to-earnings ratio of 45.60, a PEG ratio of 1.22 and a beta of 1.61. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $65.91 and a 12 month high of $156.54. The stock has a fifty day simple moving average of $135.49 and a two-hundred day simple moving average of $118.78.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.73 EPS. Equities analysts predict that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders 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 0.47%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Analyst Ratings Changes

KKR has been the topic of several research reports. Redburn Atlantic started coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Oppenheimer upped their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. HSBC began coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of KKR & Co. Inc. from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.93.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

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.