KKR & Co. Inc. (NYSE:KKR) Stock Position Decreased by Concord Wealth Partners

Concord Wealth Partners decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 2.9% in the third quarter, Holdings Channel reports. The fund owned 4,012 shares of the asset manager’s stock after selling 120 shares during the period. Concord Wealth Partners’ holdings in KKR & Co. Inc. were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of KKR. Raleigh Capital Management Inc. raised its holdings in shares of KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter worth about $31,000. Versant Capital Management Inc increased its holdings in KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after buying an additional 218 shares during the last quarter. Eastern Bank acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $34,000. Finally, Mather Group LLC. boosted its holdings in shares of KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 0.6 %

Shares of NYSE:KKR traded up $0.83 during midday trading on Monday, reaching $140.71. The company had a trading volume of 494,185 shares, compared to its average volume of 4,340,678. The company has a fifty day simple moving average of $128.49 and a two-hundred day simple moving average of $114.20. KKR & Co. Inc. has a 1-year low of $54.14 and a 1-year high of $147.15. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $124.87 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results 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 17.99% and a return on equity of 5.05%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business earned $0.73 EPS. Research analysts predict that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is currently 16.51%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Citigroup raised their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday. Finally, TD Cowen raised their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.29.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’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 directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other KKR & Co. Inc. news, 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 shares were bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The stock was 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

About KKR & Co. Inc.

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.