Janus Henderson Group PLC Sells 29,599 Shares of KKR & Co. Inc. (NYSE:KKR)

Janus Henderson Group PLC decreased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 24.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,353 shares of the asset manager's stock after selling 29,599 shares during the quarter. Janus Henderson Group PLC's holdings in KKR & Co. Inc. were worth $12,190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock worth $7,559,000 after buying an additional 4,719 shares during the period. Swedbank AB boosted its position in KKR & Co. Inc. by 33.5% during the second 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 during the last quarter. XTX Topco Ltd boosted its position in KKR & Co. Inc. by 116.8% during the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager's stock valued at $3,117,000 after acquiring an additional 15,959 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in KKR & Co. Inc. by 42.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock worth $1,976,000 after acquiring an additional 4,481 shares during the period. Finally, Cinctive Capital Management LP bought a new position in shares of KKR & Co. Inc. in the 3rd quarter worth about $4,725,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other KKR & Co. Inc. news, 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 stock was sold at an average price of $25.75, for a total value 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. This represents a 18.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE KKR traded down $5.64 on Monday, hitting $152.37. 6,142,860 shares of the stock traded hands, compared to its average volume of 4,230,751. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The business's fifty day moving average is $145.78 and its two-hundred day moving average is $125.75. KKR & Co. Inc. has a 12 month low of $76.60 and a 12 month high of $163.68. The firm has a market capitalization of $135.34 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $0.73 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were paid a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. KKR & Co. Inc.'s payout ratio is 21.28%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent analyst reports. Hsbc Global Res raised KKR & Co. Inc. to a "strong-buy" rating in a research note on Wednesday, September 18th. 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 research report on Thursday, October 10th. 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 report on Friday, October 25th. Evercore ISI increased their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $155.50.

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.