Bleakley Financial Group LLC Sells 7,917 Shares of KKR & Co. Inc. (NYSE:KKR)

Bleakley Financial Group LLC lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 21.9% during the first quarter, HoldingsChannel.com reports. The fund owned 28,220 shares of the asset manager’s stock after selling 7,917 shares during the period. Bleakley Financial Group LLC’s holdings in KKR & Co. Inc. were worth $2,838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KKR. US Bancorp DE grew its holdings in shares of KKR & Co. Inc. by 12.3% during the 1st quarter. US Bancorp DE now owns 38,435 shares of the asset manager’s stock valued at $3,866,000 after purchasing an additional 4,204 shares during the last quarter. Russell Investments Group Ltd. boosted its position in KKR & Co. Inc. by 144.3% during the 1st quarter. Russell Investments Group Ltd. now owns 190,911 shares of the asset manager’s stock valued at $19,200,000 after buying an additional 112,767 shares during the period. QRG Capital Management Inc. boosted its position in KKR & Co. Inc. by 231.9% during the 1st quarter. QRG Capital Management Inc. now owns 17,897 shares of the asset manager’s stock valued at $1,800,000 after buying an additional 12,504 shares during the period. Meeder Advisory Services Inc. boosted its position in KKR & Co. Inc. by 12.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 4,313 shares of the asset manager’s stock valued at $434,000 after buying an additional 463 shares during the period. Finally, Sei Investments Co. boosted its position in KKR & Co. Inc. by 19.9% during the 1st quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager’s stock valued at $104,355,000 after buying an additional 171,902 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Barclays raised their target price on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Evercore ISI raised their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group lowered their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $101.20.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $113.80 on Thursday. The company has a 50 day moving average price of $106.48 and a 200-day moving average price of $98.01. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $117.07. The firm has a market capitalization of $100.99 billion, a PE ratio of 25.52, a P/E/G ratio of 1.04 and a beta of 1.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86.

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

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.175 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a yield of 0.62%. KKR & Co. Inc.’s payout ratio is 15.70%.

About KKR & Co. Inc.

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.