Wellington Management Group LLP Buys 60,147 Shares of KKR & Co. Inc. (NYSE:KKR)

Wellington Management Group LLP raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,432,827 shares of the asset manager's stock after acquiring an additional 60,147 shares during the quarter. Wellington Management Group LLP owned approximately 2.64% of KKR & Co. Inc. worth $3,059,859,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KKR. Canada Pension Plan Investment Board boosted its position in shares of KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager's stock worth $337,543,000 after acquiring an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock valued at $424,835,000 after purchasing an additional 1,585,447 shares during the last quarter. APG Asset Management N.V. purchased a new position in shares of KKR & Co. Inc. during the second quarter valued at about $154,468,000. Massachusetts Financial Services Co. MA increased its holdings in shares of KKR & Co. Inc. by 6.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager's stock worth $1,755,838,000 after purchasing an additional 996,871 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of KKR & Co. Inc. by 315.6% in the second 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.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. 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 completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost 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 of the company's stock, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 0.6 %

KKR traded up $0.97 during trading hours on Friday, reaching $158.01. 4,057,762 shares of the company's stock traded hands, compared to its average volume of 3,078,497. The firm has a 50-day moving average price of $145.35 and a 200 day moving average price of $125.14. The firm has a market capitalization of $140.35 billion, a PE ratio of 48.03, a PEG ratio of 1.25 and a beta of 1.63. 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 52-week low of $74.85 and a 52-week high of $163.68.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its 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. 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 last year, the company earned $0.73 earnings per share. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen lifted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Morgan Stanley boosted their price target 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. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. 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 target price on the stock. Finally, StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a report on Friday, October 25th. 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 given a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus price target 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.