James J. Burns & Company LLC Trims Holdings in KKR & Co. Inc. (NYSE:KKR)

James J. Burns & Company LLC reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 16.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,033 shares of the asset manager’s stock after selling 2,000 shares during the period. James J. Burns & Company LLC’s holdings in KKR & Co. Inc. were worth $1,310,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norden Group LLC purchased a new stake in KKR & Co. Inc. during the 1st quarter valued at approximately $336,000. Private Advisor Group LLC lifted its holdings in shares of KKR & Co. Inc. by 2.9% during the first quarter. Private Advisor Group LLC now owns 14,228 shares of the asset manager’s stock worth $1,431,000 after purchasing an additional 399 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in KKR & Co. Inc. by 42.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager’s stock valued at $4,206,000 after buying an additional 12,504 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in 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 valued at $10,113,000 after buying an additional 6,406 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new position in KKR & Co. Inc. in the 1st quarter valued at $252,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KKR. TD Cowen lifted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Oppenheimer boosted their target price 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. Morgan Stanley increased their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Barclays upped their target price on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a report on Friday, October 25th. One equities research 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.64.

KKR & Co. Inc. Trading Down 0.4 %

Shares of KKR stock opened at $136.81 on Tuesday. KKR & Co. Inc. has a fifty-two week low of $58.94 and a fifty-two week high of $147.15. The firm’s 50 day moving average price is $130.73 and its two-hundred day moving average price is $116.00. The stock has a market cap of $121.41 billion, a price-to-earnings ratio of 41.58, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86.

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

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be paid a $0.175 dividend. 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 (DPR) is currently 21.28%.

Insider Activity at KKR & Co. Inc.

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

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.