Basswood Capital Management L.L.C. Sells 63,953 Shares of KKR & Co. Inc. (NYSE:KKR)

Basswood Capital Management L.L.C. decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 68.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 28,973 shares of the asset manager's stock after selling 63,953 shares during the period. Basswood Capital Management L.L.C.'s holdings in KKR & Co. Inc. were worth $4,285,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KKR. Bearing Point Capital LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $4,342,000. Benjamin Edwards Inc. boosted its position in KKR & Co. Inc. by 32.0% during the fourth quarter. Benjamin Edwards Inc. now owns 5,444 shares of the asset manager's stock valued at $805,000 after purchasing an additional 1,321 shares during the last quarter. AXA S.A. grew its stake in KKR & Co. Inc. by 196.0% in the fourth quarter. AXA S.A. now owns 88,800 shares of the asset manager's stock valued at $13,134,000 after purchasing an additional 58,801 shares in the last quarter. Gallagher Fiduciary Advisors LLC increased its position in shares of KKR & Co. Inc. by 28.4% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,847 shares of the asset manager's stock worth $421,000 after purchasing an additional 629 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $745,000. 76.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KKR shares. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Keefe, Bruyette & Woods upped their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. JMP Securities reduced their target price 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, Bank of America dropped their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $144.73.

Insider Transactions 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 transaction of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $2.61 during midday trading on Wednesday, hitting $116.26. The company had a trading volume of 5,239,445 shares, compared to its average volume of 4,983,463. The firm has a 50-day moving average price of $111.75 and a 200-day moving average price of $136.60. The company has a market capitalization of $103.27 billion, a PE ratio of 34.91, a P/E/G ratio of 1.00 and a beta of 1.91. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share 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 analysts' expectations 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 revenue was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This is a positive change 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 dividend payout ratio (DPR) is presently 31.22%.

About KKR & Co. Inc.

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.