Cobblestone Capital Advisors LLC NY Invests $674,000 in KKR & Co. Inc. $KKR

Cobblestone Capital Advisors LLC NY acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,063 shares of the asset manager’s stock, valued at approximately $674,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KKR. Ashton Thomas Private Wealth LLC raised its position in 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 buying an additional 2,678 shares during the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the second quarter worth $56,000. Nisa Investment Advisors LLC boosted its holdings in KKR & Co. Inc. by 9.1% during the second quarter. Nisa Investment Advisors LLC now owns 76,838 shares of the asset manager’s stock worth $10,222,000 after purchasing an additional 6,427 shares during the last quarter. New Hampshire Trust acquired a new position in KKR & Co. Inc. during the second quarter worth $244,000. Finally, Leavell Investment Management Inc. grew its position in KKR & Co. Inc. by 15.5% in the second quarter. Leavell Investment Management Inc. now owns 3,657 shares of the asset manager’s stock valued at $486,000 after purchasing an additional 490 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 0.9%

KKR stock opened at $122.32 on Tuesday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market cap of $108.98 billion, a price-to-earnings ratio of 56.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.91. The company has a fifty day moving average price of $133.55 and a two-hundred day moving average price of $129.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $1.09 EPS. Equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is 34.42%.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KKR has been the topic of several analyst reports. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods upped their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.27.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.