KKR & Co. Inc. (NYSE:KKR) is Jackson Hill Advisors LLC’s 2nd Largest Position

Jackson Hill Advisors LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 15.8% in the third quarter, HoldingsChannel.com reports. The fund owned 160,000 shares of the asset manager’s stock after selling 30,000 shares during the period. KKR & Co. Inc. makes up 10.6% of Jackson Hill Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Jackson Hill Advisors LLC’s holdings in KKR & Co. Inc. were worth $20,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the first quarter valued at approximately $217,004,000. Canada Pension Plan Investment Board increased its position in shares of KKR & Co. Inc. by 198.6% during 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 during the last quarter. Bank of New York Mellon Corp increased its position in shares of KKR & Co. Inc. by 64.7% during the second 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 acquiring an additional 1,585,447 shares during the last quarter. APG Asset Management N.V. purchased a new stake in shares of KKR & Co. Inc. during the second quarter valued at approximately $154,468,000. Finally, Capital World Investors grew its holdings in KKR & Co. Inc. by 7.4% during the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after purchasing an additional 1,139,784 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated 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 owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The trade was 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. Price Performance

KKR & Co. Inc. stock opened at $151.19 on Monday. KKR & Co. Inc. has a 52 week low of $66.75 and a 52 week high of $156.54. The business has a 50-day simple moving average of $136.16 and a 200 day simple moving average of $119.52. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $134.29 billion, a price-to-earnings ratio of 45.60, a PEG ratio of 1.20 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last posted its 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 business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business earned $0.73 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several research reports. Citigroup increased their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, HSBC initiated coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given 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 presently has an average rating of “Moderate Buy” and an average price target of $152.93.

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.