KKR & Co. Inc. (NYSE:KKR) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,725 shares of the asset manager’s stock after selling 5,379 shares during the period. KKR & Co. Inc. makes up approximately 1.5% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 20th biggest holding. Levin Capital Strategies L.P.’s holdings in KKR & Co. Inc. were worth $13,896,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Cookson Peirce & Co. Inc. purchased a new position in KKR & Co. Inc. in the fourth quarter valued at $9,636,000. Vanguard Group Inc. increased its holdings in KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after buying an additional 475,118 shares in the last quarter. Community Trust & Investment Co. purchased a new position in KKR & Co. Inc. in the fourth quarter valued at $6,615,000. TIAA Trust National Association purchased a new position in KKR & Co. Inc. in the fourth quarter valued at $8,530,000. Finally, abrdn plc grew its position in shares of KKR & Co. Inc. by 83.9% in the fourth quarter. abrdn plc now owns 293,690 shares of the asset manager’s stock valued at $24,332,000 after purchasing an additional 134,003 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 2.0 %

Shares of NYSE:KKR traded up $1.90 during trading hours on Thursday, reaching $97.02. The stock had a trading volume of 4,683,313 shares, compared to its average volume of 3,489,031. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The firm’s 50 day moving average is $97.60 and its 200-day moving average is $83.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $85.86 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 0.86 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. Research analysts predict that KKR & Co. Inc. will post 4.15 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is 16.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KKR. StockNews.com upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Barclays boosted their price target on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, TD Cowen decreased their target price on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

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.