Equitable Trust Co. Cuts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Equitable Trust Co. trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 43.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. Hollencrest Capital Management increased its stake in shares of KKR & Co. Inc. by 53.8% in the third quarter. Hollencrest Capital Management now owns 1,830 shares of the asset manager's stock valued at $239,000 after buying an additional 640 shares during the period. TFB Advisors LLC boosted its holdings in KKR & Co. Inc. by 16.3% in the third quarter. TFB Advisors LLC now owns 5,856 shares of the asset manager's stock valued at $765,000 after acquiring an additional 821 shares during the last quarter. Dudley Capital Management LLC boosted its holdings in KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager's stock valued at $404,000 after acquiring an additional 80 shares during the last quarter. Montecito Bank & Trust acquired a new stake in KKR & Co. Inc. during the 3rd quarter valued at approximately $232,000. Finally, Hanseatic Management Services Inc. raised its holdings in KKR & Co. Inc. by 5.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 8,661 shares of the asset manager's stock worth $1,131,000 after purchasing an additional 463 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on KKR shares. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. HSBC started coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They set a "buy" rating and a $148.00 price objective for the company. TD Cowen upped their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Argus raised shares of KKR & Co. Inc. to a "strong-buy" rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $151.64.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $1.49 during trading hours on Friday, hitting $152.20. 3,253,622 shares of the company's stock traded hands, compared to its average volume of 3,004,144. The company has a fifty day simple moving average of $132.81 and a 200-day simple moving average of $117.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $135.19 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 1.23 and a beta of 1.61. KKR & Co. Inc. has a 12-month low of $62.24 and a 12-month high of $153.51.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) 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 the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.73 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company'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 sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction on 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 acquisition, the insider now directly owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company's stock in a transaction dated 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 sale, 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. 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.