Principal Securities Inc. Has $3.20 Million Position in KKR & Co. Inc. (NYSE:KKR)

Principal Securities Inc. trimmed its stake in KKR & Co. Inc. (NYSE:KKR) by 1.3% in the third quarter, HoldingsChannel reports. The firm owned 24,473 shares of the asset manager’s stock after selling 325 shares during the period. Principal Securities Inc.’s holdings in KKR & Co. Inc. were worth $3,196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its position in shares of 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 purchasing an additional 85 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Versant Capital Management Inc boosted its holdings in 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 acquiring an additional 218 shares in the last quarter. Eastern Bank acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $34,000. Finally, Mather Group LLC. increased its holdings in shares of KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 208 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KKR shares. The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Oppenheimer boosted their target price 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. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.64.

Insider Buying and Selling

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction 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 completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired 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 in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $137.58 on Friday. The business’s fifty day simple moving average is $130.44 and its 200 day simple moving average is $115.54. 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. has a 12 month low of $57.49 and a 12 month high of $147.15. The firm has a market capitalization of $122.09 billion, a P/E ratio of 41.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.86% and a net margin of 13.21%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business posted $0.73 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.175 per share. The ex-dividend date is Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. KKR & Co. Inc.’s payout ratio 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.