Cushing Capital Partners LLC Has $1.74 Million Position in KKR & Co. Inc. (NYSE:KKR)

Cushing Capital Partners LLC cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 14.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,038 shares of the asset manager’s stock after selling 2,446 shares during the quarter. KKR & Co. Inc. accounts for about 1.6% of Cushing Capital Partners LLC’s portfolio, making the stock its 19th largest position. Cushing Capital Partners LLC’s holdings in KKR & Co. Inc. were worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $36,000. Finally, HM Payson & Co. grew its holdings in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after acquiring an additional 272 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Timothy R. Barakett bought 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the transaction, the director now directly owns 185,000 shares of the company’s stock, valued at approximately $21,815,200. This represents a 23.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the transaction, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 1.9%

Shares of KKR & Co. Inc. stock opened at $121.04 on Wednesday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock’s 50-day moving average is $116.58 and its 200 day moving average is $131.00. The firm has a market cap of $107.80 billion, a price-to-earnings ratio of 51.07, a PEG ratio of 1.37 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business posted $0.97 EPS. KKR & Co. Inc.’s revenue for the quarter was down 67.8% compared to the same quarter last year. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.185 dividend. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.’s payout ratio is 31.22%.

Analyst Upgrades and Downgrades

KKR has been the subject of several analyst reports. Citigroup dropped 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 note on Tuesday, April 8th. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, May 23rd. Morgan Stanley raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Finally, Hsbc Global Res raised KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $149.43.

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.