KKR & Co. Inc. (NYSE:KKR) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 294,010 shares of the asset manager’s stock after selling 7,039 shares during the period. Rockefeller Capital Management L.P.’s holdings in KKR & Co. Inc. were worth $38,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Comerica Bank increased its holdings in KKR & Co. Inc. by 17.6% during the 1st quarter. Comerica Bank now owns 35,249 shares of the asset manager’s stock worth $3,545,000 after purchasing an additional 5,271 shares during the last quarter. Atria Investments Inc increased its stake in shares of KKR & Co. Inc. by 23.8% in the first quarter. Atria Investments Inc now owns 36,702 shares of the asset manager’s stock worth $3,691,000 after buying an additional 7,050 shares during the last quarter. Cetera Investment Advisers raised its holdings in KKR & Co. Inc. by 550.1% in the first quarter. Cetera Investment Advisers now owns 83,851 shares of the asset manager’s stock valued at $8,434,000 after acquiring an additional 70,953 shares in the last quarter. Cetera Advisors LLC bought a new position in KKR & Co. Inc. during the 1st quarter valued at $1,952,000. Finally, Transcend Capital Advisors LLC grew its holdings in KKR & Co. Inc. by 8.9% during the 2nd quarter. Transcend Capital Advisors LLC now owns 8,321 shares of the asset manager’s stock worth $876,000 after acquiring an additional 677 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were 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 in the company, valued at $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was purchased 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 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. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $162.84 on Friday. The firm’s 50 day moving average is $142.74 and its two-hundred day moving average is $123.29. KKR & Co. Inc. has a 52 week low of $73.04 and a 52 week high of $163.68. The firm has a market capitalization of $144.64 billion, a P/E ratio of 49.50, a PEG ratio of 1.27 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.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during 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 period in the prior year, the company posted $0.73 EPS. Analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a dividend of $0.175 per share. 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 dividend payout ratio (DPR) is 21.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KKR. The Goldman Sachs Group upped their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup increased their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Morgan Stanley raised their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.