KKR & Co. Inc. (NYSE:KKR) Position Cut by Castleark Management LLC

Castleark Management LLC reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,810 shares of the asset manager’s stock after selling 5,760 shares during the quarter. Castleark Management LLC’s holdings in KKR & Co. Inc. were worth $6,480,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. raised its stake in shares of KKR & Co. Inc. by 17.8% during the fourth 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. raised its position in shares of KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after buying an additional 69 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after acquiring an additional 70 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its stake in shares of KKR & Co. Inc. by 2.0% during the fourth quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock valued at $580,000 after acquiring an additional 78 shares during the period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. JMP Securities reduced their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Barclays boosted their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Bank of America dropped their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Finally, Citigroup reduced their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $149.14.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider now owns 13,260,971 shares of the company’s stock, valued at $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Scully purchased 13,250 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the acquisition, the director now owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 1.2%

NYSE:KKR opened at $124.04 on Wednesday. The stock’s 50 day moving average price is $112.75 and its 200 day moving average price is $135.46. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a market capitalization of $110.48 billion, a P/E ratio of 37.25, a P/E/G ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

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

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.185 per share. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.’s dividend payout ratio is presently 31.22%.

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.