Dynamic Technology Lab Private Ltd Cuts Position in KKR & Co. Inc. (NYSE:KKR)

Dynamic Technology Lab Private Ltd lowered its position in KKR & Co. Inc. (NYSE:KKR) by 62.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,219 shares of the asset manager’s stock after selling 3,693 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in KKR & Co. Inc. were worth $290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of KKR & Co. Inc. by 17.6% during the first quarter. Comerica Bank now owns 35,249 shares of the asset manager’s stock worth $3,545,000 after purchasing an additional 5,271 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of KKR & Co. Inc. by 550.1% during the 1st quarter. Cetera Investment Advisers now owns 83,851 shares of the asset manager’s stock worth $8,434,000 after acquiring an additional 70,953 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the 1st quarter valued at about $1,952,000. Massmutual Trust Co. FSB ADV raised its position in shares of KKR & Co. Inc. by 65.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 452 shares of the asset manager’s stock worth $48,000 after acquiring an additional 179 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in 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 during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KKR. The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Finally, Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $154.14.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 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 transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 18.67 % 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. Price Performance

KKR & Co. Inc. stock opened at $162.87 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50 day simple moving average of $142.74 and a 200-day simple moving average of $123.54. KKR & Co. Inc. has a 12 month low of $73.04 and a 12 month high of $163.68. The stock has a market capitalization of $144.67 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 1.29 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.73 EPS. Equities analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

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.