Prospera Financial Services Inc Sells 196 Shares of KKR & Co. Inc. (NYSE:KKR)

Prospera Financial Services Inc cut its position in shares of KKR & Co. Inc. (NYSE:KKR) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,080 shares of the asset manager’s stock after selling 196 shares during the period. Prospera Financial Services Inc’s holdings in KKR & Co. Inc. were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in KKR & Co. Inc. by 100.7% during the 1st quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock worth $2,017,000 after acquiring an additional 10,060 shares in the last quarter. LRI Investments LLC bought a new position in shares of KKR & Co. Inc. during the first quarter valued at approximately $122,000. Lazard Asset Management LLC boosted its stake in shares of KKR & Co. Inc. by 118.5% during the first quarter. Lazard Asset Management LLC now owns 13,107 shares of the asset manager’s stock valued at $1,318,000 after purchasing an additional 7,107 shares in the last quarter. BOKF NA increased its holdings in KKR & Co. Inc. by 240.3% during the first quarter. BOKF NA now owns 10,405 shares of the asset manager’s stock valued at $1,040,000 after buying an additional 7,347 shares during the period. Finally, Paloma Partners Management Co bought a new position in KKR & Co. Inc. in the first quarter worth approximately $350,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction on 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 owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. HSBC assumed coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective on the stock. Finally, Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $154.14.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $158.63 on Friday. The company has a market cap of $140.90 billion, a price-to-earnings ratio of 48.20, a PEG ratio of 1.25 and a beta of 1.61. 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 stock’s fifty day moving average price is $139.68 and its 200 day moving average price is $121.21. KKR & Co. Inc. has a 1 year low of $67.99 and a 1 year high of $159.58.

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 analysts’ consensus estimates 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 analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $0.73 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm 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. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 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.