KKR & Co. Inc. (NYSE:KKR) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 203,294 shares of the asset manager's stock after purchasing an additional 21,648 shares during the quarter. PNC Financial Services Group Inc.'s holdings in KKR & Co. Inc. were worth $26,546,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in KKR & Co. Inc. during the third quarter worth about $6,911,000. Banque Cantonale Vaudoise purchased a new stake in KKR & Co. Inc. in the third quarter valued at approximately $100,000. FWG Holdings LLC grew its position in KKR & Co. Inc. by 1.6% during the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager's stock valued at $717,000 after acquiring an additional 80 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in KKR & Co. Inc. by 5.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 7,542 shares of the asset manager's stock valued at $985,000 after acquiring an additional 361 shares during the last quarter. Finally, Vertex Planning Partners LLC bought a new position in KKR & Co. Inc. during the third quarter valued at approximately $265,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

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

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded up $0.91 during mid-day trading on Friday, reaching $158.58. 3,164,034 shares of the company traded hands, compared to its average volume of 4,247,606. The firm has a market cap of $140.86 billion, a PE ratio of 47.92, a PEG ratio of 1.21 and a beta of 1.61. KKR & Co. Inc. has a 52 week low of $67.99 and a 52 week high of $159.58. The company's 50 day moving average price is $138.96 and its 200-day moving average price is $120.79. 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 released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates 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 posted $0.73 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.'s payout ratio is currently 21.28%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price 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. Barclays lifted their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target on the stock. Argus upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a report on Thursday, August 1st. Finally, Evercore ISI lifted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus target price of $154.14.

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.