Engle Capital Management L.P. Sells 70,779 Shares of KKR & Co. Inc. (NYSE:KKR)

Engle Capital Management L.P. lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 62.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,000 shares of the asset manager's stock after selling 70,779 shares during the quarter. KKR & Co. Inc. accounts for 1.9% of Engle Capital Management L.P.'s portfolio, making the stock its 19th biggest position. Engle Capital Management L.P.'s holdings in KKR & Co. Inc. were worth $6,360,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of KKR & Co. Inc. by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock valued at $8,384,650,000 after buying an additional 441,817 shares during the period. Geode Capital Management LLC increased its stake in shares of KKR & Co. Inc. by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock valued at $2,073,624,000 after buying an additional 458,048 shares during the period. FMR LLC increased its stake in shares of KKR & Co. Inc. by 6.7% during the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after buying an additional 752,056 shares during the period. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $1,435,314,000. Finally, Northern Trust Corp increased its stake in shares of KKR & Co. Inc. by 10.8% during the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock valued at $909,741,000 after buying an additional 600,696 shares during the period. Institutional investors own 76.26% of the company's stock.

Insider Activity

In other news, 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 stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert W. Scully purchased 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Up 6.0%

Shares of NYSE KKR traded up $7.13 during trading on Monday, reaching $125.21. The company had a trading volume of 6,749,428 shares, compared to its average volume of 5,014,725. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market cap of $111.21 billion, a PE ratio of 37.60, a P/E/G ratio of 1.00 and a beta of 1.91. The business's 50-day moving average is $111.06 and its 200 day moving average is $136.09. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping 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 return on equity of 6.20% and a net margin of 14.31%. The company's quarterly revenue was down 67.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 earnings per share. As a group, equities analysts forecast 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 issued a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JMP Securities reduced 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 note on Tuesday, April 8th. HSBC raised 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 research note on Tuesday, April 15th. Barclays upped their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, TD Cowen reduced their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.