Trustcore Financial Services LLC Takes Position in KKR & Co Inc (KKR)
Trustcore Financial Services LLC bought a new position in shares of KKR & Co Inc (NYSE:KKR) during the third quarter, Holdings Channel reports. The fund bought 12,661 shares of the asset manager’s stock, valued at approximately $345,000.
Other institutional investors also recently made changes to their positions in the company. Moon Capital Management LLC acquired a new stake in shares of KKR & Co Inc during the third quarter worth $2,870,000. FMR LLC raised its position in shares of KKR & Co Inc by 4.6% during the second quarter. FMR LLC now owns 27,636,830 shares of the asset manager’s stock worth $686,775,000 after purchasing an additional 1,202,775 shares during the period. BB&T Securities LLC acquired a new stake in shares of KKR & Co Inc during the second quarter worth $247,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of KKR & Co Inc during the second quarter worth $1,613,000. Finally, Curbstone Financial Management Corp acquired a new stake in shares of KKR & Co Inc during the third quarter worth $2,349,000. 69.92% of the stock is currently owned by institutional investors.
NYSE:KKR opened at $20.58 on Tuesday. The firm has a market cap of $11.55 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63. KKR & Co Inc has a 1-year low of $19.11 and a 1-year high of $28.73. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Monday, November 5th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, November 2nd. KKR & Co Inc’s payout ratio is 21.01%.
In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr purchased 14,132 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were purchased at an average cost of $15.93 per share, with a total value of $225,122.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 52,829 shares of company stock worth $840,424 over the last three months.
A number of equities research analysts have recently issued reports on the company. Citigroup boosted their target price on KKR & Co Inc from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, October 17th. Oppenheimer set a $35.00 target price on KKR & Co Inc and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $32.00 target price on shares of KKR & Co Inc in a research report on Friday, July 27th. Finally, ValuEngine lowered KKR & Co Inc from a “buy” rating to a “hold” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.87.
KKR & Co Inc Company Profile
KKR & Co L.P. 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, and middle market investments.
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