DE Burlo Group Inc. Decreases Position in KKR & Co. Inc. (NYSE:KKR)

DE Burlo Group Inc. cut its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,400 shares of the asset manager's stock after selling 70,100 shares during the quarter. KKR & Co. Inc. accounts for 4.6% of DE Burlo Group Inc.'s portfolio, making the stock its 5th largest position. DE Burlo Group Inc.'s holdings in KKR & Co. Inc. were worth $34,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of KKR. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $36,000. Finally, HM Payson & Co. grew its holdings in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after acquiring an additional 272 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on KKR. Bank of America lowered their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Barclays reduced their price objective on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, JMP Securities reduced their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.93.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR traded up $1.88 during trading hours on Thursday, reaching $116.15. 2,943,853 shares of the company traded hands, compared to its average volume of 4,992,524. The stock's fifty day moving average is $113.06 and its 200 day moving average is $137.21. The stock has a market cap of $103.17 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, missing analysts' consensus estimates of $1.21 by ($0.06). KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm's quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. KKR & Co. Inc.'s payout ratio is currently 21.02%.

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.