D.A. Davidson & CO. Has $937,000 Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

D.A. Davidson & CO. decreased its position in KKR & Co. Inc. (NYSE:KKR) by 15.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,173 shares of the asset manager’s stock after selling 1,353 shares during the period. D.A. Davidson & CO.’s holdings in KKR & Co. Inc. were worth $937,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after acquiring an additional 124,257 shares during the period. FMR LLC grew its position in shares of KKR & Co. Inc. by 1.5% in the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after purchasing an additional 165,631 shares during the period. Legal & General Group Plc increased its stake in KKR & Co. Inc. by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock worth $628,147,000 after purchasing an additional 323,189 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 worth $424,835,000 after buying an additional 1,585,447 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in KKR & Co. Inc. by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,686,870 shares of the asset manager’s stock valued at $481,431,000 after buying an additional 60,611 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on KKR. Citigroup raised their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Oppenheimer boosted their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Morgan Stanley upped their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Redburn Atlantic assumed coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.14.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $162.87 on Monday. The company’s 50-day moving average is $142.74 and its 200-day moving average is $123.54. 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 firm has a market capitalization of $144.67 billion, a PE ratio of 49.50, a PEG ratio of 1.29 and a beta of 1.61. KKR & Co. Inc. has a fifty-two week low of $73.04 and a fifty-two week high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results 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. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $0.73 EPS. Equities analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were paid 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 dividend yield of 0.43%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Insider Buying and Selling

In other KKR & Co. Inc. 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 acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

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.