KKR & Co. Inc. (NYSE:KKR) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its stake in KKR & Co. Inc. (NYSE:KKR) by 0.7% during the first quarter, HoldingsChannel reports. The fund owned 1,366,999 shares of the asset manager’s stock after selling 9,949 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in KKR & Co. Inc. were worth $137,493,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. CWA Asset Management Group LLC increased its stake in shares of KKR & Co. Inc. by 0.9% in the fourth quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock worth $1,020,000 after acquiring an additional 114 shares during the last quarter. E&G Advisors LP increased its position in KKR & Co. Inc. by 1.5% during the fourth quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after buying an additional 126 shares during the last quarter. Montag A & Associates Inc. increased its position in KKR & Co. Inc. by 4.8% during the fourth quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager’s stock worth $232,000 after buying an additional 128 shares during the last quarter. Cross Staff Investments Inc increased its position in KKR & Co. Inc. by 0.7% during the fourth quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock worth $1,617,000 after buying an additional 130 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in KKR & Co. Inc. by 0.3% during the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock worth $3,241,000 after buying an additional 133 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JMP Securities increased their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $116.00 target price on shares of KKR & Co. Inc. in a research report on Friday, June 21st. Barclays upped their price target on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, StockNews.com lowered shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.43.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now directly owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Up 0.3 %

KKR stock traded up $0.33 during midday trading on Wednesday, reaching $106.26. The company’s stock had a trading volume of 267,619 shares, compared to its average volume of 5,119,757. KKR & Co. Inc. has a 52 week low of $52.95 and a 52 week high of $113.91. The stock has a market cap of $94.30 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The business’s 50-day simple moving average is $103.62 and its 200-day simple moving average is $96.07.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.04 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were given a $0.175 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s payout ratio is currently 15.70%.

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.