Jackson Hill Advisors LLC Decreases Position in KKR & Co. Inc. (NYSE:KKR)

Jackson Hill Advisors LLC decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 160,000 shares of the asset manager’s stock after selling 30,000 shares during the period. KKR & Co. Inc. makes up about 10.6% of Jackson Hill Advisors LLC’s portfolio, making the stock its 2nd biggest position. Jackson Hill Advisors LLC’s holdings in KKR & Co. Inc. were worth $20,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its position in KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after acquiring an additional 218 shares during the last quarter. Mather Group LLC. grew its position in KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter worth $31,000. Raleigh Capital Management Inc. grew its position in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the last quarter. Finally, Eastern Bank bought a new stake in KKR & Co. Inc. during the 3rd quarter worth $34,000. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of a number of research reports. Barclays boosted their price objective on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. TD Cowen boosted 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. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Citigroup upped their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Oppenheimer upped their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $152.93.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the 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 completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Up 0.8 %

Shares of KKR & Co. Inc. stock opened at $151.19 on Monday. KKR & Co. Inc. has a one year low of $66.75 and a one year high of $156.54. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s 50-day moving average is $136.16 and its 200 day moving average is $119.52. The firm has a market cap of $134.29 billion, a price-to-earnings ratio of 45.60, a PEG ratio of 1.20 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business earned $0.73 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 4.12 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) 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.