KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,373,317 shares of the asset manager's stock after buying an additional 12,188 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.15% of KKR & Co. Inc. worth $179,328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KKR. OVERSEA CHINESE BANKING Corp Ltd grew its position in KKR & Co. Inc. by 2.6% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 92,743 shares of the asset manager's stock worth $12,109,000 after acquiring an additional 2,384 shares in the last quarter. WealthPLAN Partners LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at $211,000. Apollon Wealth Management LLC increased its position in KKR & Co. Inc. by 65.6% during the third quarter. Apollon Wealth Management LLC now owns 7,474 shares of the asset manager's stock valued at $976,000 after acquiring an additional 2,961 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at $77,000. Finally, River Global Investors LLP lifted its holdings in shares of KKR & Co. Inc. by 5.8% in the 3rd quarter. River Global Investors LLP now owns 13,928 shares of the asset manager's stock worth $1,819,000 after acquiring an additional 761 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on KKR. Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research report on Monday. Evercore ISI lifted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Hsbc Global Res raised shares of KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. Finally, JMP Securities boosted their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a report on Tuesday, October 29th. One 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 company. According to MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $152.93.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company's stock, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Stock Down 0.7 %

NYSE:KKR traded down $1.00 during midday trading on Wednesday, reaching $152.16. 2,142,050 shares of the stock traded hands, compared to its average volume of 4,281,857. The stock has a market capitalization of $135.15 billion, a PE ratio of 46.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.61. KKR & Co. Inc. has a 12-month low of $65.91 and a 12-month high of $156.54. 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 business has a 50-day moving average of $134.15 and a two-hundred day moving average of $118.33.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 5.77% and a net margin of 13.21%. During the same quarter last year, the firm earned $0.73 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is 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.