Adell Harriman & Carpenter Inc. Lowers Holdings in KKR & Co. Inc. (NYSE:KKR)

Adell Harriman & Carpenter Inc. lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 256,810 shares of the asset manager's stock after selling 6,639 shares during the period. KKR & Co. Inc. makes up 2.2% of Adell Harriman & Carpenter Inc.'s investment portfolio, making the stock its 12th biggest holding. Adell Harriman & Carpenter Inc.'s holdings in KKR & Co. Inc. were worth $29,690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KKR. McIlrath & Eck LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $36,000. Finally, HM Payson & Co. increased its position in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup decreased their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. 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 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 report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $149.47.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $4.10 on Friday, reaching $138.63. 2,650,555 shares of the company traded hands, compared to its average volume of 4,225,720. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a 50 day moving average of $123.10 and a 200 day moving average of $128.76. The firm has a market capitalization of $123.47 billion, a PE ratio of 58.49, a PEG ratio of 1.54 and a beta of 1.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm earned $0.97 EPS. The company's revenue was down 67.8% compared to the same quarter last year. Equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

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 that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the sale, the insider directly owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the sale, the chairman owned 82,171,884 shares in the company, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,471,488 shares of company stock worth $501,529,092 in the last ninety days. Insiders own 39.34% of the company's stock.

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.