KKR & Co. Inc. (NYSE:KKR) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 22.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 219,677 shares of the asset manager's stock after selling 63,428 shares during the quarter. Toronto Dominion Bank's holdings in KKR & Co. Inc. were worth $28,685,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its stake 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. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter valued at approximately $31,000. Eastern Bank acquired a new position in shares of KKR & Co. Inc. in the third quarter worth $34,000. Truvestments Capital LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter worth $40,000. Finally, American National Bank increased its position in shares of KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager's stock worth $37,000 after acquiring an additional 235 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction 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 sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on KKR. The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Citigroup upped their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Evercore ISI raised 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $158.21.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded down $1.64 during trading hours on Thursday, reaching $155.75. The stock had a trading volume of 2,433,970 shares, compared to its average volume of 4,223,460. The firm has a 50-day moving average of $147.22 and a 200-day moving average of $126.49. The firm has a market cap of $138.34 billion, a price-to-earnings ratio of 47.34, a PEG ratio of 1.25 and a beta of 1.63. 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 fifty-two week low of $77.02 and a fifty-two week high of $163.68.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.35. The company 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 in the previous year, the business earned $0.73 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.'s payout ratio is currently 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.