KKR & Co. Inc. (NYSE:KKR) Shares Sold by Jackson Hill Advisors LLC

Jackson Hill Advisors LLC cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 15.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,000 shares of the asset manager's stock after selling 30,000 shares during the period. KKR & Co. Inc. comprises approximately 10.6% of Jackson Hill Advisors LLC's investment portfolio, making the stock its 2nd biggest holding. Jackson Hill Advisors LLC's holdings in KKR & Co. Inc. were worth $20,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB grew its stake in KKR & Co. Inc. by 33.5% during the 2nd quarter. Swedbank AB now owns 65,432 shares of the asset manager's stock valued at $6,886,000 after acquiring an additional 16,424 shares in the last quarter. XTX Topco Ltd lifted its holdings in KKR & Co. Inc. by 116.8% during the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager's stock worth $3,117,000 after buying an additional 15,959 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of KKR & Co. Inc. by 100.7% in the 1st quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager's stock valued at $2,017,000 after purchasing an additional 10,060 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at approximately $2,514,000. Finally, Atria Investments Inc increased its position in shares of KKR & Co. Inc. by 23.8% in the 1st quarter. Atria Investments Inc now owns 36,702 shares of the asset manager's stock valued at $3,691,000 after purchasing an additional 7,050 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 1.6 %

Shares of KKR & Co. Inc. stock traded up $2.43 during trading on Monday, hitting $152.45. 3,081,357 shares of the company were exchanged, compared to its average volume of 4,263,318. The firm has a market capitalization of $135.41 billion, a P/E ratio of 45.60, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. KKR & Co. Inc. has a 1-year low of $66.75 and a 1-year high of $156.54. The firm's fifty day moving average price is $136.16 and its 200 day moving average price is $119.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued 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. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.73 earnings per share. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on KKR. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a research note on Wednesday, September 18th. 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 note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a report on Monday, November 11th. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.93.

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.