KKR & Co. Inc. (NYSE:KKR) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC cut its position in KKR & Co. Inc. (NYSE:KKR) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 513,225 shares of the asset manager’s stock after selling 35,109 shares during the period. River Road Asset Management LLC owned 0.06% of KKR & Co. Inc. worth $42,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. E&G Advisors LP boosted its stake in shares of KKR & Co. Inc. by 1.5% in the fourth quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after acquiring an additional 126 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of KKR & Co. Inc. by 0.3% in the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock worth $3,241,000 after acquiring an additional 133 shares during the last quarter. AE Wealth Management LLC boosted its stake in KKR & Co. Inc. by 1.2% during the third quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock worth $878,000 after buying an additional 168 shares during the last quarter. Cigna Investments Inc. New boosted its stake in KKR & Co. Inc. by 2.8% during the fourth quarter. Cigna Investments Inc. New now owns 7,006 shares of the asset manager’s stock worth $580,000 after buying an additional 192 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in KKR & Co. Inc. by 0.7% during the third quarter. Aaron Wealth Advisors LLC now owns 26,861 shares of the asset manager’s stock worth $1,655,000 after buying an additional 198 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. TD Cowen boosted their price objective on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley boosted their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Finally, JMP Securities upped their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $90.64.

KKR & Co. Inc. Trading Down 1.7 %

Shares of KKR stock traded down $1.66 on Wednesday, hitting $94.63. The stock had a trading volume of 2,329,501 shares, compared to its average volume of 3,428,178. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $83.75 billion, a P/E ratio of 23.60, a P/E/G ratio of 0.86 and a beta of 1.61. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The company’s 50 day moving average price is $97.76 and its 200-day moving average price is $81.51.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. Analysts anticipate that KKR & Co. Inc. will post 4.26 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.70%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 16.18%.

Insiders Place Their Bets

In related news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. 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.