Avestar Capital LLC Acquires New Stake in KKR & Co. Inc. (NYSE:KKR)

Avestar Capital LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the third quarter, HoldingsChannel.com reports. The firm purchased 2,136 shares of the asset manager’s stock, valued at approximately $279,000.

A number of other large investors have also recently bought and sold shares of KKR. Lazard Asset Management LLC grew its holdings in KKR & Co. Inc. by 118.5% during the 1st quarter. Lazard Asset Management LLC now owns 13,107 shares of the asset manager’s stock worth $1,318,000 after acquiring an additional 7,107 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in KKR & Co. Inc. by 0.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 19,786 shares of the asset manager’s stock worth $1,990,000 after acquiring an additional 186 shares during the period. Comerica Bank grew its holdings in KKR & Co. Inc. by 17.6% during the 1st quarter. Comerica Bank now owns 35,249 shares of the asset manager’s stock worth $3,545,000 after acquiring an additional 5,271 shares during the period. LBP AM SA grew its holdings in KKR & Co. Inc. by 38.5% during the 1st quarter. LBP AM SA now owns 9,228 shares of the asset manager’s stock worth $928,000 after acquiring an additional 2,565 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $309,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’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 owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 18.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. acquired 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 price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KKR shares. Morgan Stanley increased their price objective on shares of 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. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. TD Cowen increased their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, JMP Securities increased their price objective on shares of 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. One investment 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.14.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $160.13 on Thursday. KKR & Co. Inc. has a 52 week low of $68.89 and a 52 week high of $162.73. The company’s 50 day moving average price is $141.61 and its two-hundred day moving average price is $122.59. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $142.23 billion, a P/E ratio of 48.67, a P/E/G ratio of 1.26 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, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $0.73 EPS. On average, equities analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

About KKR & Co. Inc.

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.