Connable Office Inc. Grows Position in KKR & Co. Inc. (NYSE:KKR)

Connable Office Inc. boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,311 shares of the asset manager’s stock after acquiring an additional 82 shares during the period. Connable Office Inc.’s holdings in KKR & Co. Inc. were worth $2,522,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KKR. Russell Investments Group Ltd. increased its holdings in shares of KKR & Co. Inc. by 144.3% in the first quarter. Russell Investments Group Ltd. now owns 190,911 shares of the asset manager’s stock worth $19,200,000 after purchasing an additional 112,767 shares during the last quarter. US Bancorp DE raised its holdings in shares of KKR & Co. Inc. by 12.3% during the 1st quarter. US Bancorp DE now owns 38,435 shares of the asset manager’s stock worth $3,866,000 after acquiring an additional 4,204 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of KKR & Co. Inc. by 15.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 310,424 shares of the asset manager’s stock valued at $31,222,000 after acquiring an additional 42,383 shares during the last quarter. Spirepoint Private Client LLC purchased a new position in shares of KKR & Co. Inc. in the first quarter valued at $617,000. Finally, TIAA Trust National Association increased its position in KKR & Co. Inc. by 61.1% in the first quarter. TIAA Trust National Association now owns 165,895 shares of the asset manager’s stock worth $16,686,000 after purchasing an additional 62,941 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred 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 transaction, 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 filing with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly 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 disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 1.1 %

NYSE KKR opened at $150.52 on Friday. The stock has a market cap of $133.70 billion, a PE ratio of 45.75, a PEG ratio of 1.22 and a beta of 1.61. KKR & Co. Inc. has a 12 month low of $65.91 and a 12 month high of $156.54. The company’s 50-day moving average price is $134.84 and its 200-day moving average price is $118.56. 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. (NYSE:KKR) last issued its 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. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the firm earned $0.73 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

Analyst Ratings Changes

Several research firms have commented on KKR. Evercore ISI increased their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. JMP Securities lifted their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $152.93.

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.