Virtu Financial LLC Cuts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Virtu Financial LLC cut its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 87.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,272 shares of the asset manager's stock after selling 16,295 shares during the period. Virtu Financial LLC's holdings in KKR & Co. Inc. were worth $297,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock valued at $7,559,000 after buying an additional 4,719 shares during the last quarter. XTX Topco Ltd increased its holdings in KKR & Co. Inc. by 116.8% in the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager's stock valued at $3,117,000 after acquiring an additional 15,959 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in KKR & Co. Inc. by 42.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock worth $1,976,000 after purchasing an additional 4,481 shares in the last quarter. Caldwell Investment Management Ltd. lifted its stake in KKR & Co. Inc. by 3.3% in the 3rd quarter. Caldwell Investment Management Ltd. now owns 206,500 shares of the asset manager's stock worth $27,273,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Cinctive Capital Management LP bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $4,725,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KKR shares. Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. TD Cowen upped their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Oppenheimer increased their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. HSBC started coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price target on the stock. Finally, The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $158.21.

KKR & Co. Inc. Trading Down 3.1 %

Shares of NYSE:KKR traded down $4.91 during trading hours on Tuesday, hitting $151.21. 3,665,144 shares of the company's stock traded hands, compared to its average volume of 4,206,661. The firm has a market capitalization of $134.31 billion, a P/E ratio of 45.96, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The business has a fifty day moving average price of $148.54 and a 200-day moving average price of $127.85. KKR & Co. Inc. has a 1 year low of $78.95 and a 1 year high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

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. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the business earned $0.73 EPS. Equities analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio is presently 21.28%.

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.