KKR & Co. Inc. (NYSE:KKR) Stake Lowered by XTX Topco Ltd

XTX Topco Ltd cut its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 39.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,918 shares of the asset manager's stock after selling 11,701 shares during the period. XTX Topco Ltd's holdings in KKR & Co. Inc. were worth $2,340,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KKR. Canada Pension Plan Investment Board lifted its position in shares of KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager's stock valued at $337,543,000 after acquiring an additional 2,133,290 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in KKR & Co. Inc. by 64.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock valued at $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth about $154,468,000. Massachusetts Financial Services Co. MA grew its holdings in shares of KKR & Co. Inc. by 6.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager's stock worth $1,755,838,000 after buying an additional 996,871 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of KKR & Co. Inc. by 315.6% in the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager's stock valued at $124,623,000 after buying an additional 895,891 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 0.6 %

NYSE KKR traded up $0.97 during trading hours on Friday, hitting $158.01. The company had a trading volume of 4,057,762 shares, compared to its average volume of 3,078,497. The firm's 50 day moving average is $145.35 and its 200 day moving average is $125.40. 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. has a fifty-two week low of $74.85 and a fifty-two week high of $163.68. The company has a market capitalization of $140.35 billion, a price-to-earnings ratio of 48.03, a P/E/G ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $0.73 EPS. Sell-side analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s payout ratio is 21.28%.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm's stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were 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 in the company, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on KKR shares. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 29th. Morgan Stanley upped their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Citigroup raised their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, TD Cowen upped their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.