Oppenheimer & Co. Inc. Sells 5,036 Shares of KKR & Co. Inc. (NYSE:KKR)

Oppenheimer & Co. Inc. cut its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,825 shares of the asset manager's stock after selling 5,036 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in KKR & Co. Inc. were worth $26,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KKR. Versant Capital Management Inc grew its holdings in shares of KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager's stock valued at $27,000 after purchasing an additional 218 shares during the last quarter. Mather Group LLC. grew its holdings in KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager's stock worth $27,000 after acquiring an additional 208 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. grew its holdings in KKR & Co. Inc. by 56.7% during the 3rd 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 last quarter. Finally, Eastern Bank bought a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $34,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Performance

KKR traded down $1.00 during trading on Wednesday, hitting $152.16. 2,142,050 shares of the company traded hands, compared to its average volume of 4,281,857. The firm has a market cap of $135.15 billion, a P/E ratio of 46.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.61. The stock's fifty day moving average is $134.15 and its 200 day moving average is $118.33. 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. has a one year low of $65.91 and a one year high of $156.54.

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, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the prior year, the business earned $0.73 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.28%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other 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 stock was bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 shares were 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 owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. TD Cowen boosted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a report on Friday, October 25th. JMP Securities boosted their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 29th. Barclays boosted their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. HSBC started coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a "buy" rating and a $148.00 target price on the stock. Finally, Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $152.93.

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.