KKR & Co. Inc. (NYSE:KKR) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 12.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,657 shares of the asset manager’s stock after selling 15,000 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in KKR & Co. Inc. were worth $13,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Versant Capital Management Inc grew its position in shares of KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after buying an additional 218 shares in the last quarter. Mather Group LLC. grew its position in shares of KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after buying an additional 208 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth about $31,000. Raleigh Capital Management Inc. grew its position in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of KKR & Co. Inc. during the third quarter worth about $34,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost 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 ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Barclays boosted their target price on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. JMP Securities boosted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.14.

KKR & Co. Inc. Trading Up 1.8 %

NYSE:KKR opened at $162.87 on Friday. The firm has a market cap of $144.67 billion, a P/E ratio of 49.50, a PEG ratio of 1.29 and a beta of 1.61. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock’s 50 day simple moving average is $142.74 and its 200-day simple moving average is $123.43. KKR & Co. Inc. has a 12-month low of $73.04 and a 12-month high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is currently 21.28%.

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.