Iridian Asset Management LLC CT Sells 13,077 Shares of KKR & Co. Inc. (NYSE:KKR)

Iridian Asset Management LLC CT trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 32.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,084 shares of the asset manager’s stock after selling 13,077 shares during the quarter. Iridian Asset Management LLC CT’s holdings in KKR & Co. Inc. were worth $3,537,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KKR. Versant Capital Management Inc increased its holdings in shares of KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares during the last quarter. Mather Group LLC. increased its holdings in shares of KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. in the third quarter worth about $31,000. Raleigh Capital Management Inc. increased its holdings in shares of KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the last quarter. Finally, Eastern Bank purchased a new position in KKR & Co. Inc. in the third quarter worth about $34,000. 76.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KKR. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Evercore ISI lifted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. JMP Securities lifted their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Redburn Atlantic began coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. Finally, HSBC assumed coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.64.

KKR & Co. Inc. Stock Up 0.7 %

Shares of NYSE KKR opened at $140.29 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $124.49 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 1.20 and a beta of 1.62. The stock has a 50 day moving average price of $129.74 and a 200 day moving average price of $114.96. KKR & Co. Inc. has a 52-week low of $54.91 and a 52-week high of $147.15.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm 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 5.05% and a net margin of 17.99%. During the same quarter in the previous year, the business earned $0.73 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’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 value of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’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 value of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

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.