KKR & Co. Inc. (NYSE:KKR) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,304 shares of the asset manager’s stock after selling 229 shares during the period. Kovack Advisors Inc.’s holdings in KKR & Co. Inc. were worth $357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $9,636,000. Vanguard Group Inc. increased its holdings in KKR & Co. Inc. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after purchasing an additional 475,118 shares during the last quarter. Community Trust & Investment Co. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $6,615,000. TIAA Trust National Association purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $8,530,000. Finally, abrdn plc grew its position in shares of KKR & Co. Inc. by 83.9% during the fourth quarter. abrdn plc now owns 293,690 shares of the asset manager’s stock worth $24,332,000 after buying an additional 134,003 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 0.3 %

Shares of KKR stock opened at $95.23 on Tuesday. The firm has a market capitalization of $84.28 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The stock has a fifty day moving average of $97.57 and a two-hundred day moving average of $83.66.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 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 analysts’ expectations of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. As a group, research analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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 dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is 16.18%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the acquisition, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the acquisition, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KKR has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Morgan Stanley lifted their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Barclays upped their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.64.

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.