Integrated Advisors Network LLC Sells 2,625 Shares of KKR & Co. Inc. (NYSE:KKR)

Integrated Advisors Network LLC decreased its stake in KKR & Co. Inc. (NYSE:KKR) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,797 shares of the asset manager’s stock after selling 2,625 shares during the period. Integrated Advisors Network LLC’s holdings in KKR & Co. Inc. were worth $2,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Resource Council acquired a new stake in KKR & Co. Inc. in the 1st quarter worth $1,001,000. Janney Montgomery Scott LLC raised its holdings in KKR & Co. Inc. by 6.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock valued at $10,113,000 after acquiring an additional 6,406 shares in the last quarter. Sei Investments Co. lifted its position in shares of KKR & Co. Inc. by 19.9% in the 1st quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager’s stock worth $104,355,000 after acquiring an additional 171,902 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of KKR & Co. Inc. by 42.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager’s stock worth $4,206,000 after purchasing an additional 12,504 shares in the last quarter. Finally, Swedbank AB increased its position in shares of KKR & Co. Inc. by 33.5% during the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after purchasing an additional 16,424 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other news, 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 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, 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 position. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Analyst Ratings Changes

KKR has been the subject of several research reports. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Citigroup raised their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JMP Securities upped their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday. TD Cowen raised their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays upped their price objective on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.64.

KKR & Co. Inc. Trading Down 1.0 %

KKR opened at $139.33 on Wednesday. The company has a market cap of $123.64 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62. KKR & Co. Inc. has a fifty-two week low of $54.14 and a fifty-two week high of $147.15. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a 50 day simple moving average of $129.31 and a 200 day simple moving average of $114.78.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly 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. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.73 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders 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 0.50%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

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.