Glenmede Trust Co. NA Sells 4,388 Shares of KKR & Co. Inc. (NYSE:KKR)

Glenmede Trust Co. NA trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 36.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,669 shares of the asset manager’s stock after selling 4,388 shares during the quarter. Glenmede Trust Co. NA’s holdings in KKR & Co. Inc. were worth $1,001,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KKR. Dudley Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock worth $404,000 after buying an additional 80 shares in the last quarter. FWG Holdings LLC lifted its stake in KKR & Co. Inc. by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock worth $717,000 after purchasing an additional 80 shares in the last quarter. Sigma Planning Corp boosted its holdings in KKR & Co. Inc. by 1.3% in the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after purchasing an additional 81 shares during the period. Connable Office Inc. grew its position in shares of KKR & Co. Inc. by 0.4% during the 3rd quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock valued at $2,522,000 after purchasing an additional 82 shares in the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of KKR & Co. Inc. by 1.3% in the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock worth $846,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s 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 acquisition, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s 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 completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, 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. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 2.0 %

NYSE KKR opened at $159.65 on Tuesday. The firm has a market cap of $141.81 billion, a PE ratio of 48.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.61. KKR & Co. Inc. has a 1-year low of $73.04 and a 1-year high of $163.68. The stock has a 50-day moving average of $143.29 and a 200-day moving average of $123.93. 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. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

Analysts Set New Price Targets

Several equities analysts recently commented on KKR shares. TD Cowen boosted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped 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 report on Tuesday, November 19th. HSBC began coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price on the stock. Citigroup boosted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus 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.