Mutual of America Capital Management LLC Has $10.85 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Mutual of America Capital Management LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,050 shares of the asset manager’s stock after selling 784 shares during the period. Mutual of America Capital Management LLC’s holdings in KKR & Co. Inc. were worth $10,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB raised its stake in KKR & Co. Inc. by 33.5% during the 2nd quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock worth $6,886,000 after buying an additional 16,424 shares during the period. XTX Topco Ltd increased its holdings in shares of KKR & Co. Inc. by 116.8% during the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock valued at $3,117,000 after acquiring an additional 15,959 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of KKR & Co. Inc. by 100.7% during the first quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock worth $2,017,000 after purchasing an additional 10,060 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of KKR & Co. Inc. in the 1st quarter worth $2,514,000. Finally, Atria Investments Inc grew its position 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 purchasing an additional 7,050 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 18.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on KKR. Citigroup upped 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. Morgan Stanley raised their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI raised their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Barclays lifted their target price on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $152.93.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $150.02 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $133.25 billion, a price-to-earnings ratio of 45.60, a P/E/G ratio of 1.20 and a beta of 1.61. KKR & Co. Inc. has a 52 week low of $65.91 and a 52 week high of $156.54. The firm’s 50-day simple moving average is $136.16 and its two-hundred day simple moving average is $119.35.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS 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 business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. As a group, equities analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

KKR & Co. Inc. Company 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.