KKR & Co. Inc. (NYSE:KKR) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 26.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,874 shares of the asset manager's stock after selling 6,991 shares during the period. Kovitz Investment Group Partners LLC's holdings in KKR & Co. Inc. were worth $2,595,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Canada Pension Plan Investment Board boosted its position in shares of KKR & Co. Inc. by 198.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager's stock worth $337,543,000 after buying an additional 2,133,290 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of KKR & Co. Inc. by 64.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock worth $424,835,000 after buying an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth about $154,468,000. Massachusetts Financial Services Co. MA boosted its position in shares of KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager's stock worth $1,755,838,000 after buying an additional 996,871 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of KKR & Co. Inc. by 315.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager's stock worth $124,623,000 after buying an additional 895,891 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on KKR. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 29th. TD Cowen boosted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Finally, Barclays boosted their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and an average target price of $155.50.

KKR & Co. Inc. Trading Down 0.3 %

Shares of NYSE:KKR traded down $0.48 during trading on Tuesday, reaching $151.87. 4,270,128 shares of the stock were exchanged, compared to its average volume of 4,231,111. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 12-month low of $76.60 and a 12-month high of $163.68. The firm has a market cap of $134.90 billion, a price-to-earnings ratio of 46.16, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The firm's 50-day moving average price is $145.78 and its 200 day moving average price is $125.75.

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, topping analysts' consensus estimates of $1.03 by $0.35. The firm 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 business earned $0.73 EPS. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. 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 completion of the purchase, 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. 39.34% of the stock is owned by company insiders.

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.