Thrivent Financial for Lutherans Sells 42,241 Shares of KKR & Co. Inc. (NYSE:KKR)

Thrivent Financial for Lutherans lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 61.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,463 shares of the asset manager’s stock after selling 42,241 shares during the period. Thrivent Financial for Lutherans’ holdings in KKR & Co. Inc. were worth $3,456,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Swedbank AB grew its holdings in KKR & Co. Inc. by 33.5% during the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after purchasing an additional 16,424 shares during the period. XTX Topco Ltd grew its stake in shares of KKR & Co. Inc. by 116.8% during the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock worth $3,117,000 after acquiring an additional 15,959 shares during the period. OneDigital Investment Advisors LLC increased its holdings in KKR & Co. Inc. by 42.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock worth $1,976,000 after acquiring an additional 4,481 shares during the last quarter. Atria Investments Inc raised its stake in KKR & Co. Inc. by 23.8% in the 1st quarter. Atria Investments Inc now owns 36,702 shares of the asset manager’s stock valued at $3,691,000 after acquiring an additional 7,050 shares during the period. Finally, Comerica Bank lifted its holdings in KKR & Co. Inc. by 17.6% during the first quarter. Comerica Bank now owns 35,249 shares of the asset manager’s stock valued at $3,545,000 after purchasing an additional 5,271 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction 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 purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $650,470,003.25. This trade represents a 18.67 % 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 0.2 %

KKR stock opened at $158.94 on Tuesday. The company’s 50 day moving average is $140.32 and its 200 day moving average is $121.92. The stock has a market cap of $141.18 billion, a price-to-earnings ratio of 48.31, a price-to-earnings-growth ratio of 1.26 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 0.82. KKR & Co. Inc. has a 1-year low of $68.58 and a 1-year high of $161.11.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared 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. The ex-dividend date 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 21.28%.

Analysts Set New Price Targets

KKR has been the subject of several recent research reports. TD Cowen lifted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $154.14.

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.