KKR & Co. Inc. (NYSE:KKR) Stock Position Cut by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,687,259 shares of the asset manager’s stock after selling 1,088,409 shares during the period. KKR & Co. Inc. makes up approximately 1.5% of Principal Financial Group Inc.’s portfolio, making the stock its 7th largest position. Principal Financial Group Inc. owned 2.33% of KKR & Co. Inc. worth $2,701,342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in KKR & Co. Inc. by 19.9% during the 1st quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager’s stock worth $104,355,000 after buying an additional 171,902 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in KKR & Co. Inc. by 42.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager’s stock valued at $4,206,000 after acquiring an additional 12,504 shares in the last quarter. Swedbank AB grew its holdings in shares of KKR & Co. Inc. by 33.5% during the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock worth $6,886,000 after purchasing an additional 16,424 shares during the last quarter. XTX Topco Ltd increased its position in shares of KKR & Co. Inc. by 116.8% during the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock worth $3,117,000 after purchasing an additional 15,959 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of KKR & Co. Inc. by 100.7% in the 1st quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock valued at $2,017,000 after purchasing an additional 10,060 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other 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 completion of the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction that occurred 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 purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KKR shares. Redburn Atlantic started coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. HSBC assumed coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price for the company. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have issued 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.64.

KKR & Co. Inc. Trading Up 9.5 %

Shares of KKR & Co. Inc. stock opened at $152.22 on Thursday. The company has a 50-day moving average of $131.67 and a two-hundred day moving average of $116.57. KKR & Co. Inc. has a 12-month low of $59.08 and a 12-month high of $153.51. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a market cap of $135.09 billion, a PE ratio of 46.27, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.86% and a net margin of 13.21%. During the same period last year, the business posted $0.73 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 4.04 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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 given 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 of this dividend is Monday, November 4th. KKR & Co. Inc.’s payout ratio is currently 21.28%.

About KKR & Co. Inc.

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.