Silvant Capital Management LLC Sells 715 Shares of KKR & Co. Inc. (NYSE:KKR)

Silvant Capital Management LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,531 shares of the asset manager’s stock after selling 715 shares during the period. Silvant Capital Management LLC’s holdings in KKR & Co. Inc. were worth $1,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OLD National Bancorp IN lifted its position in KKR & Co. Inc. by 1.3% during the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock valued at $846,000 after buying an additional 85 shares during the period. Raleigh Capital Management Inc. lifted its position in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in KKR & Co. Inc. by 13.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock valued at $81,000 after acquiring an additional 89 shares during the period. Crestwood Advisors Group LLC boosted its stake in KKR & Co. Inc. by 2.1% during the second quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock worth $490,000 after acquiring an additional 94 shares in the last quarter. Finally, Centaurus Financial Inc. increased its stake in shares of KKR & Co. Inc. by 1.3% during the second quarter. Centaurus Financial Inc. now owns 7,715 shares of the asset manager’s stock valued at $812,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction 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 in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other KKR & Co. Inc. 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 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 $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on KKR. Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Barclays raised their price target on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.64.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $137.58 on Friday. The company has a market capitalization of $122.09 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 1.16 and a beta of 1.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock’s 50-day simple moving average is $130.44 and its 200-day simple moving average is $115.41. KKR & Co. Inc. has a 52 week low of $57.49 and a 52 week high of $147.15.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $0.73 EPS. As a group, analysts expect that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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