Cresset Asset Management LLC Sells 13,785 Shares of KKR & Co. Inc. (NYSE:KKR)

Cresset Asset Management LLC decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,721 shares of the asset manager's stock after selling 13,785 shares during the period. Cresset Asset Management LLC's holdings in KKR & Co. Inc. were worth $5,283,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KKR. First Hawaiian Bank acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at $274,000. Baker Tilly Wealth Management LLC lifted its holdings in shares of KKR & Co. Inc. by 1.4% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 5,886 shares of the asset manager's stock valued at $871,000 after acquiring an additional 81 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of KKR & Co. Inc. by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 12,184 shares of the asset manager's stock valued at $1,802,000 after purchasing an additional 296 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $247,000. Finally, West Oak Capital LLC grew its holdings in shares of KKR & Co. Inc. by 540.0% in the 4th quarter. West Oak Capital LLC now owns 4,000 shares of the asset manager's stock worth $592,000 after purchasing an additional 3,375 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

In other news, Director Robert W. Scully purchased 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director now directly owns 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction 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 approximately $634,841,604.16. This represents a 23.75% decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Trading Up 6.0%

Shares of NYSE KKR traded up $7.13 during mid-day trading on Monday, hitting $125.21. The company's stock had a trading volume of 6,749,428 shares, compared to its average volume of 5,014,725. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company's fifty day simple moving average is $111.06 and its 200-day simple moving average is $136.09. 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 stock has a market cap of $111.21 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91.

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, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion for 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%. The business's revenue for the quarter was down 67.8% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. The ex-dividend date is 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley boosted their target price on KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Wells Fargo & Company increased their price target 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. TD Cowen dropped their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Bank of America cut their price objective on 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $147.00.

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.