Thrivent Financial for Lutherans Lowers Stake in KKR & Co. Inc. (NYSE:KKR)

Thrivent Financial for Lutherans trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 61.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,463 shares of the asset manager's stock after selling 42,241 shares during the period. Thrivent Financial for Lutherans' holdings in KKR & Co. Inc. were worth $3,456,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dudley Capital Management LLC lifted its stake in KKR & Co. Inc. by 2.7% in the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager's stock worth $404,000 after acquiring an additional 80 shares in the last quarter. Sigma Planning Corp lifted its holdings in KKR & Co. Inc. by 1.3% in the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager's stock worth $847,000 after purchasing an additional 81 shares during the last quarter. Connable Office Inc. boosted its position in KKR & Co. Inc. by 0.4% during the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager's stock worth $2,522,000 after purchasing an additional 82 shares during the period. OLD National Bancorp IN boosted its position in KKR & Co. Inc. by 1.3% during the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager's stock worth $846,000 after purchasing an additional 85 shares during the period. Finally, Raleigh Capital Management Inc. raised its position in shares of KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock valued at $31,000 after purchasing an additional 85 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 1.2 %

Shares of KKR stock traded up $1.98 during mid-day trading on Tuesday, hitting $160.92. The company's stock had a trading volume of 1,893,529 shares, compared to its average volume of 4,234,852. 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 $68.58 and a 52-week high of $161.11. The stock has a market cap of $142.93 billion, a price-to-earnings ratio of 48.31, a PEG ratio of 1.26 and a beta of 1.61. The business has a 50-day moving average price of $140.32 and a 200 day moving average price of $121.92.

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

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s payout ratio is 21.28%.

Insiders Place Their Bets

In other news, 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 acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was 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 approximately $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Redburn Atlantic initiated coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Argus upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, JMP Securities raised 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $154.14.

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.