KKR & Co. Inc. (NYSE:KKR) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 75.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,406 shares of the asset manager’s stock after selling 26,008 shares during the period. Intech Investment Management LLC’s holdings in KKR & Co. Inc. were worth $1,098,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in KKR & Co. Inc. by 6.4% in the 2nd 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 during the last quarter. Legal & General Group Plc boosted its stake in shares of KKR & Co. Inc. by 5.7% in the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock worth $628,147,000 after acquiring an additional 323,189 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of KKR & Co. Inc. by 64.7% in the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after acquiring an additional 1,585,447 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in shares of KKR & Co. Inc. by 3.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager’s stock worth $380,442,000 after purchasing an additional 127,726 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in KKR & Co. Inc. by 198.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after purchasing an additional 2,133,290 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $160.13 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $142.23 billion, a price-to-earnings ratio of 48.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.61. The company’s 50 day simple moving average is $141.61 and its 200-day simple moving average is $122.59. KKR & Co. Inc. has a 1 year low of $68.89 and a 1 year high of $162.73.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results 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 for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced 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 dividend payout ratio (DPR) is 21.28%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, 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 stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. HSBC assumed coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price on the stock. Wells Fargo & Company upped their price target on KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.14.

KKR & Co. Inc. 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.