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

Canandaigua National Trust Co of Florida acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,664 shares of the asset manager’s stock, valued at approximately $608,000.

A number of other hedge funds also recently bought and sold shares of KKR. Moody National Bank Trust Division grew its position in KKR & Co. Inc. by 47.8% during the third 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 during the last quarter. Eastern Bank lifted its holdings 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 during the last quarter. Boltwood Capital Management boosted its stake 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 valued at $358,000 after purchasing an additional 448 shares in the last quarter. CX Institutional grew its holdings in shares of KKR & Co. Inc. by 8.6% during 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 last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of KKR & Co. Inc. by 12.6% during 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 last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 1.0%

KKR traded down $0.90 during trading on Wednesday, hitting $89.77. 4,651,732 shares of the stock traded hands, compared to its average volume of 5,552,123. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a 50-day moving average of $103.04 and a 200 day moving average of $98.58. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84.

KKR & Co. Inc. (NYSE:KKR) last released 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. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the previous year, the company earned $1.18 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 5.95 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were issued a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s payout ratio is currently 24.84%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price target for the company. Argus lifted their price objective on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Weiss Ratings restated a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Friday, September 11th. Finally, TD Cowen raised their price target on KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.46.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider owned 8,513 shares of the company’s stock, valued at $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 23.20% of the stock is currently owned by corporate insiders.

About KKR & Co. Inc.

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.