Marks Group Wealth Management Inc Decreases Holdings in KKR & Co. Inc. (NYSE:KKR)

Marks Group Wealth Management Inc reduced its position in KKR & Co. Inc. (NYSE:KKR) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,556 shares of the asset manager’s stock after selling 632 shares during the quarter. Marks Group Wealth Management Inc’s holdings in KKR & Co. Inc. were worth $726,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Sei Investments Co. increased its position in KKR & Co. Inc. by 19.9% during the 1st quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager’s stock valued at $104,355,000 after buying an additional 171,902 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 valued at $4,206,000 after acquiring an additional 12,504 shares in the last quarter. Swedbank AB raised its position in shares of KKR & Co. Inc. by 33.5% in the 2nd quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after purchasing an additional 16,424 shares during the last quarter. XTX Topco Ltd boosted its stake in KKR & Co. Inc. by 116.8% in the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock worth $3,117,000 after purchasing an additional 15,959 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in KKR & Co. Inc. by 100.7% during the 1st quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock worth $2,017,000 after purchasing an additional 10,060 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. TD Cowen boosted their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Evercore ISI upped their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $151.64.

Insiders Place Their Bets

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 dated Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were 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 directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s 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 $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 company insiders.

KKR & Co. Inc. Stock Performance

KKR opened at $152.22 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a fifty day moving average price of $131.67 and a 200 day moving average price of $116.57. KKR & Co. Inc. has a 1 year low of $59.08 and a 1 year high of $153.51. The stock has a market cap of $135.09 billion, a P/E ratio of 46.27, a P/E/G ratio of 1.13 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating 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 company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 4.04 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.46%. KKR & Co. Inc.’s payout ratio is 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.