KKR & Co. Inc. (NYSE:KKR) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. reduced its holdings in KKR & Co. Inc. (NYSE:KKRFree Report) by 30.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,173 shares of the asset manager’s stock after selling 951 shares during the period. First Horizon Advisors Inc.’s holdings in KKR & Co. Inc. were worth $284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Advisors Asset Management Inc. grew its stake in KKR & Co. Inc. by 9.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 35,455 shares of the asset manager’s stock valued at $4,630,000 after acquiring an additional 3,072 shares during the period. Commerce Bank grew its position in shares of KKR & Co. Inc. by 7.5% in the third quarter. Commerce Bank now owns 13,951 shares of the asset manager’s stock valued at $1,822,000 after purchasing an additional 978 shares during the period. Strategy Asset Managers LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth about $726,000. Thompson Davis & CO. Inc. purchased a new position in KKR & Co. Inc. in the 3rd quarter valued at about $304,000. Finally, Avior Wealth Management LLC boosted its holdings in KKR & Co. Inc. by 85.7% in the 3rd quarter. Avior Wealth Management LLC now owns 7,613 shares of the asset manager’s stock worth $994,000 after buying an additional 3,514 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 0.6 %

Shares of NYSE:KKR opened at $158.58 on Friday. The company has a market capitalization of $140.86 billion, a price-to-earnings ratio of 48.20, a PEG ratio of 1.21 and a beta of 1.61. KKR & Co. Inc. has a 12-month low of $67.99 and a 12-month high of $159.58. The business has a 50-day moving average price of $138.96 and a 200 day moving average price of $120.79. 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:KKRGet Free Report) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business earned $0.73 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the 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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on KKR. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. JMP Securities raised their price target on shares of 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, Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.14.

Read Our Latest Research Report on KKR

KKR & Co. Inc. Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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