KKR & Co. Inc. (NYSE:KKR) Shares Sold by Menlo Advisors LLC

Menlo Advisors LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 19.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,570 shares of the asset manager's stock after selling 14,385 shares during the period. KKR & Co. Inc. accounts for about 4.1% of Menlo Advisors LLC's holdings, making the stock its 9th biggest holding. Menlo Advisors LLC's holdings in KKR & Co. Inc. were worth $7,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KKR. Geode Capital Management LLC lifted its holdings in KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock worth $1,768,788,000 after buying an additional 355,837 shares in the last quarter. LRI Investments LLC lifted its holdings in KKR & Co. Inc. by 9.9% in the 3rd quarter. LRI Investments LLC now owns 1,010 shares of the asset manager's stock worth $132,000 after buying an additional 91 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in KKR & Co. Inc. by 3.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 229,226 shares of the asset manager's stock worth $29,932,000 after buying an additional 8,678 shares in the last quarter. MML Investors Services LLC lifted its holdings in KKR & Co. Inc. by 8.5% in the 3rd quarter. MML Investors Services LLC now owns 70,413 shares of the asset manager's stock worth $9,194,000 after buying an additional 5,530 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in KKR & Co. Inc. by 13.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 63,379 shares of the asset manager's stock worth $8,276,000 after buying an additional 7,425 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the 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 sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 approximately $1,034,644,621.92. The trade was 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.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. The Goldman Sachs Group upped their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Morgan Stanley upped their target price 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 upgraded shares of KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Finally, Barclays upped their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $155.50.

KKR & Co. Inc. Stock Performance

NYSE KKR traded down $0.54 on Tuesday, hitting $151.81. The stock had a trading volume of 4,210,619 shares, compared to its average volume of 4,230,861. KKR & Co. Inc. has a one year low of $76.60 and a one year high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $134.84 billion, a price-to-earnings ratio of 46.14, a P/E/G ratio of 1.25 and a beta of 1.63. The company's 50-day moving average is $145.78 and its two-hundred day moving average is $125.75.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations 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 firm earned $0.73 EPS. On average, analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

About KKR & Co. Inc.

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.