Raymond James Trust N.A. Lowers Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Raymond James Trust N.A. cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,714 shares of the asset manager’s stock after selling 68 shares during the quarter. Raymond James Trust N.A.’s holdings in KKR & Co. Inc. were worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in KKR. Advisors Asset Management Inc. boosted its position in shares of KKR & Co. Inc. by 100.7% in the first quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock worth $2,017,000 after acquiring an additional 10,060 shares during the last quarter. LRI Investments LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $122,000. Lazard Asset Management LLC grew its stake in shares of KKR & Co. Inc. by 118.5% during the 1st quarter. Lazard Asset Management LLC now owns 13,107 shares of the asset manager’s stock valued at $1,318,000 after buying an additional 7,107 shares during the period. BOKF NA increased its holdings in shares of KKR & Co. Inc. by 240.3% during the 1st quarter. BOKF NA now owns 10,405 shares of the asset manager’s stock worth $1,040,000 after buying an additional 7,347 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth $350,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s 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 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 represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Redburn Atlantic began coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. Evercore ISI increased their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. TD Cowen raised their price target 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. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $154.14.

KKR & Co. Inc. Trading Up 0.6 %

KKR & Co. Inc. stock opened at $158.63 on Friday. KKR & Co. Inc. has a 1 year low of $67.99 and a 1 year high of $159.58. The firm’s 50-day moving average is $139.68 and its 200-day moving average is $121.21. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $140.90 billion, a P/E ratio of 48.22, a PEG ratio of 1.25 and a beta of 1.61.

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, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter last year, the company posted $0.73 earnings per share. On average, equities analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. KKR & Co. Inc.’s payout ratio is currently 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.