ING Groep NV Reduces Position in KKR & Co. Inc. (NYSE:KKR)

ING Groep NV trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 75.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,432 shares of the asset manager’s stock after selling 61,888 shares during the period. ING Groep NV’s holdings in KKR & Co. Inc. were worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. Covestor Ltd raised its stake in shares of KKR & Co. Inc. by 309.8% in the first quarter. Covestor Ltd now owns 1,463 shares of the asset manager’s stock worth $147,000 after purchasing an additional 1,106 shares during the last quarter. Trustmark National Bank Trust Department purchased a new position in KKR & Co. Inc. during the 1st quarter worth approximately $303,000. Bahl & Gaynor Inc. acquired a new stake in KKR & Co. Inc. during the 1st quarter valued at approximately $201,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of KKR & Co. Inc. by 30.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,076 shares of the asset manager’s stock valued at $1,516,000 after acquiring an additional 3,502 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its stake in shares of KKR & Co. Inc. by 3,152.3% in the first quarter. UniSuper Management Pty Ltd now owns 143,100 shares of the asset manager’s stock worth $14,393,000 after acquiring an additional 138,700 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In related 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 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 directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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, with a total value of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of 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. HSBC initiated coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price on the stock. Redburn Atlantic began coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. TD Cowen upped their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their target price on shares of KKR & Co. Inc. from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $152.93.

KKR & Co. Inc. Stock Down 0.3 %

KKR opened at $150.02 on Friday. The company has a market cap of $133.25 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61. KKR & Co. Inc. has a twelve month low of $65.91 and a twelve month high of $156.54. The company has a 50-day moving average price of $136.16 and a 200 day moving average price of $119.17. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.73 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 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.