KKR & Co. Inc. (NYSE:KKR) Holdings Trimmed by Gridiron Partners LLC

Gridiron Partners LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 10.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,716 shares of the asset manager’s stock after selling 901 shares during the period. KKR & Co. Inc. accounts for 0.6% of Gridiron Partners LLC’s investment portfolio, making the stock its 26th biggest holding. Gridiron Partners LLC’s holdings in KKR & Co. Inc. were worth $892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Pines Wealth Management LLC raised its position in shares of KKR & Co. Inc. by 3.0% during the first quarter. Pines Wealth Management LLC now owns 4,115 shares of the asset manager’s stock valued at $476,000 after buying an additional 121 shares during the last quarter. Fjell Capital LLC lifted its holdings in KKR & Co. Inc. by 12.8% in the first quarter. Fjell Capital LLC now owns 4,313 shares of the asset manager’s stock valued at $499,000 after buying an additional 490 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in KKR & Co. Inc. by 532.9% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,443 shares of the asset manager’s stock worth $167,000 after purchasing an additional 1,215 shares during the period. Triangle Securities Wealth Management raised its holdings in KKR & Co. Inc. by 5.7% in the first quarter. Triangle Securities Wealth Management now owns 64,333 shares of the asset manager’s stock worth $7,438,000 after purchasing an additional 3,491 shares during the period. Finally, Sweeney & Michel LLC acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $404,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

KKR opened at $123.46 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $109.96 billion, a P/E ratio of 37.08, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a 50-day moving average of $113.54 and a 200 day moving average of $132.91.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion for 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%. KKR & Co. Inc.’s quarterly revenue was down 67.8% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KKR shares. Barclays lifted their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Morgan Stanley upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods boosted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Citigroup reduced their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Buy” and a consensus target price of $149.43.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the sale, the chairman now directly owns 82,171,884 shares in the company, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Company 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.