KKR & Co. Inc. (NYSE:KKR) is Principal Financial Group Inc.'s 7th Largest Position

Principal Financial Group Inc. lessened its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,687,259 shares of the asset manager's stock after selling 1,088,409 shares during the quarter. KKR & Co. Inc. makes up about 1.5% of Principal Financial Group Inc.'s investment portfolio, making the stock its 7th largest position. Principal Financial Group Inc. owned 2.33% of KKR & Co. Inc. worth $2,701,342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hanseatic Management Services Inc. lifted its holdings in KKR & Co. Inc. by 5.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 8,661 shares of the asset manager's stock valued at $1,131,000 after purchasing an additional 463 shares during the last quarter. River Road Asset Management LLC boosted its holdings in shares of KKR & Co. Inc. by 112.3% in the 3rd quarter. River Road Asset Management LLC now owns 341,556 shares of the asset manager's stock worth $44,600,000 after acquiring an additional 180,676 shares in the last quarter. ASB Consultores LLC increased its holdings in KKR & Co. Inc. by 2.9% during the 3rd quarter. ASB Consultores LLC now owns 6,999 shares of the asset manager's stock valued at $914,000 after purchasing an additional 199 shares in the last quarter. QRG Capital Management Inc. raised its position in KKR & Co. Inc. by 14.7% in the 3rd quarter. QRG Capital Management Inc. now owns 23,575 shares of the asset manager's stock valued at $3,078,000 after purchasing an additional 3,015 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of KKR & Co. Inc. by 2.8% during the third quarter. Asset Management One Co. Ltd. now owns 246,238 shares of the asset manager's stock worth $32,154,000 after purchasing an additional 6,816 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Down 1.1 %

Shares of NYSE:KKR traded down $1.60 during midday trading on Thursday, hitting $150.67. 1,893,478 shares of the stock were exchanged, compared to its average volume of 4,301,743. The business's 50-day moving average price is $131.67 and its 200 day moving average price is $116.57. KKR & Co. Inc. has a 12 month low of $61.94 and a 12 month high of $153.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $133.71 billion, a price-to-earnings ratio of 46.27, a P/E/G ratio of 1.13 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 13.21% and a return on equity of 5.86%. During the same quarter in the previous year, the business earned $0.73 earnings per share. Analysts predict that KKR & Co. Inc. will post 4.04 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling

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 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 in the company, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, 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 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were 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 owns 25,260,971 shares of the company's stock, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Hsbc Global Res raised shares of KKR & Co. Inc. to a "strong-buy" rating in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a "buy" rating in a report on Thursday, August 1st. JMP Securities upped their price target on 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. HSBC initiated coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They set a "buy" rating and a $148.00 price objective for the company. Finally, Oppenheimer increased their target price 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $151.64.

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.