Baldwin Investment Management LLC Sells 3,000 Shares of KKR & Co. Inc. (NYSE:KKR)

Baldwin Investment Management LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the asset manager's stock after selling 3,000 shares during the period. Baldwin Investment Management LLC's holdings in KKR & Co. Inc. were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $36,000. Finally, HM Payson & Co. lifted 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 last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley increased their target price on KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Monday. Bank of America decreased their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. TD Cowen cut their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, JMP Securities lowered their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $144.73.

KKR & Co. Inc. Stock Up 2.3 %

KKR & Co. Inc. stock traded up $2.67 during trading hours on Thursday, hitting $118.88. The company had a trading volume of 7,984,887 shares, compared to its average volume of 5,006,484. 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 current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $105.59 billion, a P/E ratio of 35.70, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The firm's fifty 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. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. KKR & Co. Inc.'s quarterly revenue was down 67.8% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared 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 is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date of this dividend is Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated 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 sale, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Scully bought 13,250 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director now directly owns 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company 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.