Coastal Bridge Advisors LLC Sells 3,045 Shares of KKR & Co. Inc. (NYSE:KKR)

Coastal Bridge Advisors LLC lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,195 shares of the asset manager’s stock after selling 3,045 shares during the quarter. KKR & Co. Inc. makes up about 1.9% of Coastal Bridge Advisors LLC’s portfolio, making the stock its 13th biggest position. Coastal Bridge Advisors LLC’s holdings in KKR & Co. Inc. were worth $7,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Farmers & Merchants Investments Inc. increased its stake in KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock valued at $2,430,000 after purchasing an additional 69 shares during the period. Ballentine Partners LLC raised its stake in shares of KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after purchasing an additional 70 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of KKR & Co. Inc. by 5.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock worth $191,000 after purchasing an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after buying an additional 73 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $116.26 on Thursday. The company’s 50-day moving average is $111.37 and its two-hundred day moving average is $136.46. The firm has a market capitalization of $103.27 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping 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 business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business posted $0.97 EPS. The company’s revenue was down 67.8% compared to the same quarter last year. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.185 dividend. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s payout ratio is currently 31.22%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of research reports. Bank of America cut their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. TD Cowen lowered their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Barclays boosted their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley raised their price target on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued 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 a consensus target price of $144.73.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated 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 completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Profile

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.