Quantinno Capital Management LP Purchases 13,279 Shares of KKR & Co. Inc. (NYSE:KKR)

Quantinno Capital Management LP increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 110.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,269 shares of the asset manager's stock after purchasing an additional 13,279 shares during the quarter. Quantinno Capital Management LP's holdings in KKR & Co. Inc. were worth $3,300,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of KKR & Co. Inc. by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager's stock worth $2,194,840,000 after buying an additional 124,257 shares during the last quarter. FMR LLC raised its stake in shares of KKR & Co. Inc. by 1.5% during the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager's stock worth $1,469,199,000 after purchasing an additional 165,631 shares during the period. Legal & General Group Plc boosted its holdings in shares of KKR & Co. Inc. by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager's stock worth $628,147,000 after buying an additional 323,189 shares during the last quarter. Bank of New York Mellon Corp increased 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in KKR & Co. Inc. by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,686,870 shares of the asset manager's stock worth $481,431,000 after acquiring an additional 60,611 shares during the period. 76.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares of the company's stock, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 0.3 %

NYSE:KKR traded up $0.39 during midday trading on Tuesday, reaching $152.74. 2,558,775 shares of the stock traded hands, compared to its average volume of 4,223,416. The stock has a market capitalization of $135.67 billion, a P/E ratio of 46.31, a PEG ratio of 1.25 and a beta of 1.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a fifty day moving average of $145.78 and a 200 day moving average of $125.75. KKR & Co. Inc. has a 12 month low of $76.60 and a 12 month high of $163.68.

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 (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations 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 firm earned $0.73 earnings per share. On average, research analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a "buy" rating and a $148.00 price target for the company. Morgan Stanley lifted their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Citigroup upped their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a report on Friday, October 25th. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Finally, Oppenheimer raised their price objective 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus target price of $155.50.

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.