Cross Staff Investments Inc Lowers Stock Position in KKR & Co. Inc. (NYSE:KKR)

Cross Staff Investments Inc lowered its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 11.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,544 shares of the asset manager’s stock after selling 2,213 shares during the period. KKR & Co. Inc. accounts for 1.7% of Cross Staff Investments Inc’s investment portfolio, making the stock its 13th largest holding. Cross Staff Investments Inc’s holdings in KKR & Co. Inc. were worth $2,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. Advisor Resource Council purchased a new stake in KKR & Co. Inc. during the 1st quarter valued at approximately $1,001,000. Wealth Enhancement Advisory Services LLC grew its position in KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after buying an additional 111,881 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of KKR & Co. Inc. by 6.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock worth $10,113,000 after acquiring an additional 6,406 shares during the period. Sei Investments Co. boosted its holdings in shares of KKR & Co. Inc. by 19.9% in the first quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager’s stock valued at $104,355,000 after acquiring an additional 171,902 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of KKR & Co. Inc. by 42.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager’s stock worth $4,206,000 after acquiring an additional 12,504 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Monday, October 7th. Morgan Stanley lifted their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. TD Cowen raised their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company upped their target price on KKR & Co. Inc. from $130.00 to $139.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.43.

KKR & Co. Inc. Stock Up 3.4 %

KKR stock opened at $143.22 on Friday. The firm’s 50-day moving average is $128.07 and its two-hundred day moving average is $113.73. The company has a market capitalization of $127.09 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $147.15. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period in the previous year, the company earned $0.58 earnings per share. On average, analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

KKR & Co. Inc. Company 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.