Atalanta Sosnoff Capital LLC Has $84.58 Million Position in KKR & Co. Inc. (NYSE:KKR)

Atalanta Sosnoff Capital LLC lowered its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 571,807 shares of the asset manager's stock after selling 9,318 shares during the quarter. KKR & Co. Inc. accounts for about 1.8% of Atalanta Sosnoff Capital LLC's holdings, making the stock its 15th biggest position. Atalanta Sosnoff Capital LLC owned about 0.06% of KKR & Co. Inc. worth $84,576,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KKR. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $36,000. Finally, HM Payson & Co. raised its holdings in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after purchasing an additional 272 shares during the period. Hedge funds and other 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 Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Up 3.9 %

KKR & Co. Inc. stock traded up $4.50 during mid-day trading on Thursday, hitting $120.71. The company's stock had a trading volume of 3,356,843 shares, compared to its average volume of 4,977,503. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a market cap of $107.22 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm's 50 day moving average is $111.37 and its 200 day moving average is $136.46.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.97 earnings per share. KKR & Co. Inc.'s quarterly revenue was down 67.8% compared to the same quarter last year. On average, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Analyst Ratings Changes

Several equities research analysts have issued reports on KKR shares. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley lifted their price objective on KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an "equal weight" rating in a report on Monday. JMP Securities decreased their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup lowered their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $144.73.

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.