KKR & Co. Inc. (NYSE:KKR) Shares Acquired by TCW Group Inc.

TCW Group Inc. grew its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 122.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,928 shares of the asset manager's stock after purchasing an additional 138,474 shares during the period. TCW Group Inc.'s holdings in KKR & Co. Inc. were worth $32,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock worth $3,486,977,000 after acquiring an additional 481,686 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of KKR & Co. Inc. by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager's stock worth $3,059,859,000 after purchasing an additional 60,147 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of KKR & Co. Inc. by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager's stock worth $2,194,840,000 after purchasing an additional 124,257 shares during the last quarter. Geode Capital Management LLC grew its position in shares of KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock valued at $1,768,788,000 after purchasing an additional 355,837 shares during the period. Finally, FMR LLC increased its stake in KKR & Co. Inc. by 1.5% in the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager's stock valued at $1,469,199,000 after purchasing an additional 165,631 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 3.7 %

Shares of NYSE:KKR traded up $5.58 during mid-day trading on Wednesday, hitting $157.39. 4,174,976 shares of the company traded hands, compared to its average volume of 4,230,944. The firm's 50 day simple moving average is $145.78 and its 200 day simple moving average is $125.75. The firm has a market cap of $139.80 billion, a P/E ratio of 46.16, 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. KKR & Co. Inc. has a 52-week low of $76.87 and a 52-week high of $163.68.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $0.73 earnings per share. On average, equities analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. KKR & Co. Inc.'s payout ratio is currently 21.28%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. HSBC began coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a "buy" rating and a $148.00 target price on the stock. JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 29th. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Finally, StockNews.com upgraded KKR & Co. Inc. to a "sell" rating in a report on Friday, October 25th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $155.50.

Insider Activity

In other 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 stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.