United Asset Strategies Inc. Has $2.23 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

United Asset Strategies Inc. lowered its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 6.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 17,079 shares of the asset manager’s stock after selling 1,119 shares during the period. United Asset Strategies Inc.’s holdings in KKR & Co. Inc. were worth $2,230,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. GQG Partners LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $217,004,000. Canada Pension Plan Investment Board boosted its holdings in KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after acquiring an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp increased its position in KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after purchasing an additional 1,585,447 shares during the period. APG Asset Management N.V. bought a new position in KKR & Co. Inc. during the 2nd quarter worth approximately $154,468,000. Finally, Capital World Investors lifted its position in shares of KKR & Co. Inc. by 7.4% in the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock worth $1,674,144,000 after purchasing an additional 1,139,784 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’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 value of $149,350,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 1.8 %

Shares of NYSE KKR traded down $2.57 during mid-day trading on Thursday, reaching $137.61. 600,896 shares of the company’s stock traded hands, compared to its average volume of 4,312,522. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $54.91 and a 1-year high of $147.15. The stock has a market cap of $122.12 billion, a P/E ratio of 31.39, a PEG ratio of 1.20 and a beta of 1.62. The business has a 50-day simple moving average of $129.74 and a 200 day simple moving average of $114.96.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 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 business posted $0.73 earnings per share. On average, analysts expect that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KKR. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. JMP Securities upped their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday. Redburn Atlantic began coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Finally, Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.64.

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.