KKR & Co. Inc. (NYSE:KKR) Holdings Lowered by Mizuho Securities USA LLC

Mizuho Securities USA LLC lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,733 shares of the asset manager's stock after selling 7,586 shares during the quarter. Mizuho Securities USA LLC's holdings in KKR & Co. Inc. were worth $5,711,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its holdings in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager's stock valued at $2,194,840,000 after acquiring an additional 124,257 shares during the period. Legal & General Group Plc lifted its stake in shares of KKR & Co. Inc. by 5.7% in the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager's stock valued at $628,147,000 after purchasing an additional 323,189 shares during the period. Bank of New York Mellon Corp boosted its holdings in KKR & Co. Inc. by 64.7% during the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock worth $424,835,000 after buying an additional 1,585,447 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its position in KKR & Co. Inc. by 3.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager's stock worth $380,442,000 after buying an additional 127,726 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager's stock valued at $337,543,000 after buying an additional 2,133,290 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on KKR shares. StockNews.com raised KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Barclays raised their price objective on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Argus raised KKR & Co. Inc. to a "strong-buy" rating in a research report on Thursday, August 1st. One investment 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $154.14.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded up $0.91 during mid-day trading on Friday, reaching $158.58. The company's stock had a trading volume of 3,164,034 shares, compared to its average volume of 4,247,606. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $67.99 and a twelve month high of $159.58. The business has a 50 day moving average price of $138.96 and a 200-day moving average price of $120.79. The firm has a market cap of $140.86 billion, a price-to-earnings ratio of 47.92, a PEG ratio of 1.21 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $0.73 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm's 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 acquisition, the insider now directly owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. This represents a 14.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $149,350,000.00. Following 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 position. The disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.

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.