Legacy Capital Wealth Partners LLC Trims Position in KKR & Co. Inc. (NYSE:KKR)

Legacy Capital Wealth Partners LLC cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 85.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,018 shares of the asset manager's stock after selling 11,518 shares during the period. Legacy Capital Wealth Partners LLC's holdings in KKR & Co. Inc. were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Atomi Financial Group Inc. purchased a new position in KKR & Co. Inc. in the 1st quarter valued at about $210,000. Concurrent Investment Advisors LLC lifted its stake in KKR & Co. Inc. by 146.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 10,457 shares of the asset manager's stock valued at $1,052,000 after buying an additional 6,221 shares in the last quarter. Meeder Advisory Services Inc. lifted its stake in KKR & Co. Inc. by 12.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 4,313 shares of the asset manager's stock valued at $434,000 after buying an additional 463 shares in the last quarter. QRG Capital Management Inc. lifted its stake in KKR & Co. Inc. by 231.9% in the 1st quarter. QRG Capital Management Inc. now owns 17,897 shares of the asset manager's stock valued at $1,800,000 after buying an additional 12,504 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in KKR & Co. Inc. by 144.3% in the 1st quarter. Russell Investments Group Ltd. now owns 190,911 shares of the asset manager's stock valued at $19,200,000 after buying an additional 112,767 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction 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 sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction 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 sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, with a total value 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 disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a "buy" rating and a $148.00 target price on the stock. 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 research note on Friday, October 25th. Finally, StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.93.

KKR & Co. Inc. Trading Down 1.8 %

Shares of KKR stock traded down $2.73 during trading on Tuesday, hitting $153.17. 2,167,649 shares of the stock traded hands, compared to its average volume of 4,291,197. The firm has a market capitalization of $136.05 billion, a P/E ratio of 46.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm's fifty day moving average price is $133.46 and its 200-day moving average price is $117.92. KKR & Co. Inc. has a 52-week low of $62.92 and a 52-week high of $156.54.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its 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 firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.73 EPS. As a group, research analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

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.