KKR & Co. Inc. (NYSE:KKR) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 56.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,950 shares of the asset manager’s stock after selling 11,500 shares during the quarter. U S Global Investors Inc.’s holdings in KKR & Co. Inc. were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in KKR & Co. Inc. during the first quarter worth approximately $27,000. Versant Capital Management Inc grew its position in shares of KKR & Co. Inc. by 622.9% during 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 during the last quarter. Mather Group LLC. grew its position 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 worth $27,000 after acquiring an additional 208 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $31,000. Finally, Raleigh Capital Management Inc. grew 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. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $1.03 on Tuesday, hitting $139.54. 82,614 shares of the stock traded hands, compared to its average volume of 4,354,189. 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 company has a market capitalization of $123.83 billion, a PE ratio of 31.54, a PEG ratio of 1.14 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $141.68. The company’s fifty day moving average is $126.72 and its 200 day moving average is $113.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.20. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period in the prior year, the company posted $0.58 EPS. On average, equities research analysts predict that KKR & Co. Inc. will post 3.97 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, August 27th. Shareholders of record on Monday, August 12th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Analysts Set New Price Targets

KKR has been the topic of several research analyst reports. Citigroup boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Monday, October 7th. One equities 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 given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $144.43.

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.