KKR & Co. Inc. (NYSE:KKR) Stock Position Reduced by Partners Group Holding AG

Partners Group Holding AG cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.9% during the third quarter, Holdings Channel reports. The institutional investor owned 556,160 shares of the asset manager’s stock after selling 60,919 shares during the period. KKR & Co. Inc. makes up about 4.9% of Partners Group Holding AG’s holdings, making the stock its 4th largest position. Partners Group Holding AG’s holdings in KKR & Co. Inc. were worth $72,623,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dudley Capital Management LLC increased its holdings in shares of KKR & Co. Inc. by 2.7% in the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after acquiring an additional 80 shares during the last quarter. FWG Holdings LLC boosted its holdings in KKR & Co. Inc. by 1.6% in the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock valued at $717,000 after purchasing an additional 80 shares in the last quarter. Sigma Planning Corp increased its stake in KKR & Co. Inc. by 1.3% in the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after purchasing an additional 81 shares during the last quarter. Connable Office Inc. increased its stake in KKR & Co. Inc. by 0.4% in the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock valued at $2,522,000 after purchasing an additional 82 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in KKR & Co. Inc. by 1.3% during the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock worth $846,000 after purchasing an additional 85 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s 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 sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $158.94 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market cap of $141.18 billion, a PE ratio of 48.31, a P/E/G ratio of 1.26 and a beta of 1.61. The stock has a fifty day moving average price of $140.32 and a 200 day moving average price of $121.92. KKR & Co. Inc. has a 1-year low of $68.58 and a 1-year high of $161.11.

KKR & Co. Inc. (NYSE:KKR) last released 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 net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business earned $0.73 EPS. Sell-side analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KKR shares. Barclays upped their target price on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. 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 report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $154.14.

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.