Fiduciary Family Office LLC Sells 3,740 Shares of KKR & Co. Inc. (NYSE:KKR)

Fiduciary Family Office LLC reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 52.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,417 shares of the asset manager’s stock after selling 3,740 shares during the quarter. Fiduciary Family Office LLC’s holdings in KKR & Co. Inc. were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of KKR. Riverview Trust Co bought a new stake in shares of KKR & Co. Inc. during the 1st quarter worth $27,000. Blue Trust Inc. grew its position in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $30,000. Missouri Trust & Investment Co increased its stake in shares of KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after purchasing an additional 368 shares during the last quarter. Finally, First United Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $41,000. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KKR. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. JMP Securities upped their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Jefferies Financial Group lowered their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.20.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $4.24 during trading on Monday, reaching $114.98. The company’s stock had a trading volume of 3,618,205 shares, compared to its average volume of 5,015,218. The firm has a fifty day moving average of $105.52 and a 200 day moving average of $97.44. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $115.00. The stock has a market capitalization of $102.03 billion, a PE ratio of 25.71, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). The company had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. Analysts expect that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Profile

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.