Basswood Capital Management L.L.C. Cuts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Basswood Capital Management L.L.C. lessened its position in KKR & Co. Inc. (NYSE:KKR) by 68.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 28,973 shares of the asset manager’s stock after selling 63,953 shares during the quarter. Basswood Capital Management L.L.C.’s holdings in KKR & Co. Inc. were worth $4,285,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $1,435,314,000. GQG Partners LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $325,752,000. Proficio Capital Partners LLC boosted its holdings in shares of KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $218,918,000. Finally, Roberts Foundation acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $147,910,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen dropped their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods upped their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Friday. Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Bank of America dropped their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research note on Friday, April 4th. Finally, JMP Securities reduced their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $144.33.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $117.00 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The firm has a market cap of $103.93 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company’s 50 day moving average is $112.48 and its two-hundred day moving average is $136.94.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business posted $0.97 earnings per share. KKR & Co. Inc.’s revenue was down 67.8% compared to the same quarter last year. On average, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 31.22%.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.