KKR & Co. Inc. (NYSE:KKR) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 26.0% in the 3rd quarter, Holdings Channel reports. The firm owned 5,409 shares of the asset manager’s stock after selling 1,902 shares during the period. Integrated Investment Consultants LLC’s holdings in KKR & Co. Inc. were worth $706,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KKR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after purchasing an additional 4,719 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $114,000. Advisors Asset Management Inc. boosted its holdings in shares of KKR & Co. Inc. by 9.5% in the third quarter. Advisors Asset Management Inc. now owns 35,455 shares of the asset manager’s stock worth $4,630,000 after buying an additional 3,072 shares during the period. Commerce Bank raised its holdings in shares of KKR & Co. Inc. by 7.5% during the third quarter. Commerce Bank now owns 13,951 shares of the asset manager’s stock valued at $1,822,000 after acquiring an additional 978 shares during the period. Finally, Strategy Asset Managers LLC purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $726,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Trading Up 3.6 %

NYSE:KKR opened at $157.67 on Friday. The company’s 50 day moving average is $138.21 and its 200-day moving average is $120.54. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $67.99 and a 12 month high of $158.46. The firm has a market cap of $140.05 billion, a price-to-earnings ratio of 47.92, a P/E/G ratio of 1.21 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.73 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction dated 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 purchase, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JMP Securities lifted 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. Redburn Atlantic began coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Citigroup upped their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI raised their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $154.14.

KKR & Co. Inc. Company Profile

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.