KKR & Co. Inc. (NYSE:KKR) Shares Sold by ING Groep NV

ING Groep NV cut its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 75.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,432 shares of the asset manager's stock after selling 61,888 shares during the period. ING Groep NV's holdings in KKR & Co. Inc. were worth $2,668,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KKR. Dudley Capital Management LLC boosted its position 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 buying an additional 80 shares during the last quarter. Sigma Planning Corp lifted its stake in KKR & Co. Inc. by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager's stock valued at $847,000 after acquiring an additional 81 shares during the period. OLD National Bancorp IN boosted its holdings in shares of KKR & Co. Inc. by 1.3% in the 3rd quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager's stock valued at $846,000 after acquiring an additional 85 shares during the last quarter. Raleigh Capital Management Inc. increased its stake 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 worth $31,000 after acquiring an additional 85 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of KKR & Co. Inc. by 13.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager's stock worth $81,000 after purchasing an additional 89 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 0.3 %

KKR opened at $150.02 on Friday. The company has a market cap of $133.25 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. KKR & Co. Inc. has a twelve month low of $65.91 and a twelve month high of $156.54. The company has a 50-day moving average price of $136.16 and a 200 day moving average price of $119.17. 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 - Get Free Report) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.47%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.28%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup increased their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Argus raised KKR & Co. Inc. to a "strong-buy" rating in a report on Thursday, August 1st. Hsbc Global Res raised KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a "buy" rating and a $153.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $152.93.

Insider Transactions at KKR & Co. Inc.

In other 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 stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 18.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares of the company's stock, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

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.