Wellington Management Group LLP Has $3.06 Billion Holdings in KKR & Co. Inc. (NYSE:KKR)

Wellington Management Group LLP raised its position in KKR & Co. Inc. (NYSE:KKR) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 23,432,827 shares of the asset manager’s stock after buying an additional 60,147 shares during the period. Wellington Management Group LLP’s holdings in KKR & Co. Inc. were worth $3,059,859,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. raised its position in KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 208 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the third quarter worth about $31,000. Raleigh Capital Management Inc. raised its position in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the last quarter. Eastern Bank bought a new position in shares of KKR & Co. Inc. during the third quarter worth about $34,000. Finally, American National Bank raised its position in shares of KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after acquiring an additional 235 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Trading Down 0.4 %

Shares of KKR & Co. Inc. stock opened at $157.04 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52 week low of $74.69 and a 52 week high of $163.68. The stock has a 50 day moving average price of $144.83 and a two-hundred day moving average price of $124.77. The stock has a market capitalization of $139.49 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last announced 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. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.45%. KKR & Co. Inc.’s payout ratio is 21.28%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KKR. Oppenheimer raised their price objective on KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price objective 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. Evercore ISI raised their price objective 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. The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $154.14.

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.