KKR & Co. Inc. (NYSE:KKR) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 55.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 387,971 shares of the asset manager's stock after selling 484,859 shares during the period. Lord Abbett & CO. LLC's holdings in KKR & Co. Inc. were worth $50,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KKR. Legacy Wealth Management LLC MS purchased a new stake in KKR & Co. Inc. during the third quarter worth $623,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth about $209,000. Retirement Systems of Alabama grew its position in shares of KKR & Co. Inc. by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 147,493 shares of the asset manager's stock valued at $19,260,000 after acquiring an additional 678 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $13,967,000. Finally, American Trust purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on KKR shares. TD Cowen raised their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a report on Friday, October 25th. Morgan Stanley lifted their price target 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. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a report on Friday, October 25th. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. One equities research 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 stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average price target of $158.21.

KKR & Co. Inc. Trading Down 0.9 %

KKR & Co. Inc. stock traded down $1.41 during trading on Friday, reaching $154.34. 2,612,607 shares of the company were exchanged, compared to its average volume of 4,216,775. The stock's 50 day simple moving average is $147.64 and its two-hundred day simple moving average is $126.97. The company has a market capitalization of $137.09 billion, a P/E ratio of 46.91, a PEG ratio of 1.25 and a beta of 1.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 52-week low of $78.95 and a 52-week high of $163.68.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 EPS. On average, equities research analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued 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 0.45%. KKR & Co. Inc.'s payout ratio 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.