KKR & Co. Inc. (NYSE:KKR) Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 5.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,687,259 shares of the asset manager’s stock after selling 1,088,409 shares during the quarter. KKR & Co. Inc. comprises approximately 1.5% of Principal Financial Group Inc.’s holdings, making the stock its 7th largest holding. Principal Financial Group Inc.’s holdings in KKR & Co. Inc. were worth $2,701,342,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. raised its holdings in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter valued at approximately $31,000. Versant Capital Management Inc lifted 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 purchasing an additional 218 shares in the last quarter. Eastern Bank acquired a new position in shares of KKR & Co. Inc. during the third quarter worth $34,000. Finally, Mather Group LLC. boosted its stake in shares of KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 208 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction 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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $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. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 9.5 %

NYSE:KKR opened at $152.22 on Thursday. KKR & Co. Inc. has a 52 week low of $59.08 and a 52 week high of $153.51. The firm has a market capitalization of $135.09 billion, a PE ratio of 46.27, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $131.67 and a 200-day moving average of $116.57.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.86% and a net margin of 13.21%. During the same period last year, the business posted $0.73 earnings per share. Analysts predict that KKR & Co. Inc. will post 4.04 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Wall Street Analyst Weigh In

A number of brokerages have commented on KKR. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Morgan Stanley increased their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.64.

About KKR & Co. Inc.

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.