Canandaigua National Trust Co of Florida Acquires 6,664 Shares of KKR & Co. Inc. $KKR

Canandaigua National Trust Co of Florida bought a new position in KKR & Co. Inc. (NYSE:KKR – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 6,664 shares of the asset manager’s stock, valued at approximately $608,000.

A number of other large investors have also recently modified their holdings of the stock. Moody National Bank Trust Division boosted its position in KKR & Co. Inc. by 47.8% during the 3rd quarter. Moody National Bank Trust Division now owns 11,512 shares of the asset manager’s stock valued at $1,051,000 after acquiring an additional 3,724 shares in the last quarter. Eastern Bank raised its position in shares of KKR & Co. Inc. by 28.1% in the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock worth $50,000 after acquiring an additional 120 shares in the last quarter. Boltwood Capital Management raised its position in shares of KKR & Co. Inc. by 12.9% in the 3rd quarter. Boltwood Capital Management now owns 3,917 shares of the asset manager’s stock worth $358,000 after acquiring an additional 448 shares in the last quarter. CX Institutional lifted its stake in shares of KKR & Co. Inc. by 8.6% in the 3rd quarter. CX Institutional now owns 3,786 shares of the asset manager’s stock valued at $346,000 after purchasing an additional 299 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of KKR & Co. Inc. by 12.6% in the 2nd quarter. QRG Capital Management Inc. now owns 57,535 shares of the asset manager’s stock valued at $5,281,000 after purchasing an additional 6,436 shares during the period. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KKR. Argus upped their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Barclays boosted their target price on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Royal Bank Of Canada upped their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. HSBC increased their price target on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, TD Cowen lifted their price target on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.46.

Get Our Latest Report on KKR & Co. Inc.

Insider Transactions at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the sale, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.20% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Down 1.0%

KKR stock traded down $0.90 on Wednesday, reaching $89.77. 4,651,732 shares of the company traded hands, compared to its average volume of 5,552,123. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $80.58 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 0.80 and a beta of 1.83. The firm has a fifty day simple moving average of $103.04 and a 200-day simple moving average of $98.58.

KKR & Co. Inc. (NYSE:KKR – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the business earned $1.18 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 5.95 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, August 25th. Stockholders of record on Monday, August 10th were given a $0.1950 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.’s payout ratio is currently 24.84%.

KKR & Co. Inc. Company Profile

(Free Report)

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.

See Also

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR – Free Report).

Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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