KKR & Co. Inc. (NYSE:KKR) Stock Position Lowered by Equitable Trust Co.

Equitable Trust Co. decreased its stake in KKR & Co. Inc. (NYSE:KKR) by 43.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,497 shares of the asset manager’s stock after selling 44,155 shares during the quarter. Equitable Trust Co.’s holdings in KKR & Co. Inc. were worth $7,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. GQG Partners LLC purchased a new stake in KKR & Co. Inc. in the 1st quarter worth approximately $217,004,000. Canada Pension Plan Investment Board increased its stake in shares of KKR & Co. Inc. by 198.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after purchasing an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after purchasing an additional 1,585,447 shares during the last quarter. APG Asset Management N.V. acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter worth $154,468,000. Finally, Capital World Investors increased its stake in shares of KKR & Co. Inc. by 7.4% during the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock worth $1,674,144,000 after purchasing an additional 1,139,784 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 1.0 %

Shares of KKR stock opened at $152.20 on Friday. KKR & Co. Inc. has a 12-month low of $62.24 and a 12-month high of $153.51. The company has a market capitalization of $135.19 billion, a P/E ratio of 46.26, a P/E/G ratio of 1.23 and a beta of 1.61. The firm has a 50-day moving average price of $132.81 and a 200 day moving average price of $117.21. 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. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter last year, the company posted $0.73 EPS. Research analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KKR. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Oppenheimer increased their price target on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.64.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. 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.