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

Thrivent Financial for Lutherans reduced its position in KKR & Co. Inc. (NYSE:KKR) by 61.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,463 shares of the asset manager’s stock after selling 42,241 shares during the quarter. 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 and other institutional investors also recently made changes to their positions in the company. Swedbank AB grew its holdings in shares of KKR & Co. Inc. by 33.5% during the 2nd 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 last quarter. XTX Topco Ltd raised its position 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 worth $3,117,000 after acquiring an additional 15,959 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 42.1% in the third 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 period. Atria Investments Inc boosted its holdings in KKR & Co. Inc. by 23.8% in the first 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 last quarter. Finally, Comerica Bank increased its position in KKR & Co. Inc. by 17.6% during the 1st 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 period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 0.2 %

Shares of NYSE KKR opened at $158.94 on Tuesday. 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 company has a 50-day moving average price of $140.32 and a 200-day moving average price of $121.92. The stock has a market capitalization of $141.18 billion, a P/E ratio of 48.31, a P/E/G ratio of 1.26 and a beta of 1.61. 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 released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the previous year, the business earned $0.73 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup upped their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Barclays boosted their price objective on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One equities 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 stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $154.14.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. 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 in the company, valued at approximately $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 this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly 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 ownership of the stock. 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.