Hartford Investment Management Co. Sells 185 Shares of KKR & Co. Inc. (NYSE:KKR)

Hartford Investment Management Co. lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 42,530 shares of the asset manager’s stock after selling 185 shares during the period. Hartford Investment Management Co.’s holdings in KKR & Co. Inc. were worth $5,554,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Riverview Trust Co bought a new stake in KKR & Co. Inc. during the 1st quarter worth about $27,000. Versant Capital Management Inc increased its holdings in shares of KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 218 shares in the last quarter. Mather Group LLC. raised its position in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth $31,000. Finally, Raleigh Capital Management Inc. boosted its position in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 0.3 %

Shares of KKR stock traded up $0.40 on Wednesday, hitting $140.57. The stock had a trading volume of 222,307 shares, compared to its average volume of 4,344,363. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $141.68. The company has a fifty day moving average price of $127.21 and a two-hundred day moving average price of $113.35. The firm has a market cap of $124.74 billion, a P/E ratio of 31.43, a PEG ratio of 1.14 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period in the previous year, the firm earned $0.58 earnings per share. As a group, analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 value of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KKR shares. Oppenheimer boosted their target price on KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Monday, October 7th. Keefe, Bruyette & Woods reiterated 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. Finally, Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $144.43.

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.