Menlo Advisors LLC Sells 2,545 Shares of KKR & Co. Inc. (NYSE:KKR)

Menlo Advisors LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.4% in the first quarter, HoldingsChannel.com reports. The fund owned 55,775 shares of the asset manager’s stock after selling 2,545 shares during the period. KKR & Co. Inc. makes up 3.1% of Menlo Advisors LLC’s investment portfolio, making the stock its 13th largest position. Menlo Advisors LLC’s holdings in KKR & Co. Inc. were worth $6,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. McIlrath & Eck LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $26,000. Mascagni Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. increased its position in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 272 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KKR has been the subject of a number of research analyst reports. TD Cowen decreased their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, May 23rd. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their price target for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. 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. Finally, Barclays raised their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. One 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $149.43.

Insider Activity

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 35,000 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the purchase, the director now owns 185,000 shares of the company’s stock, valued at approximately $21,815,200. This represents a 23.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert W. Scully acquired 13,250 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares of the company’s stock, 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 three months, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $123.46 on Friday. The stock has a market cap of $109.96 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 1.00 and a beta of 1.89. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. 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 stock has a fifty day moving average of $113.54 and a 200-day moving average of $132.77.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results 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. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm’s quarterly revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

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.