KKR & Co. Inc. (NYSE:KKR) Holdings Reduced by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 67.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 288,257 shares of the asset manager's stock after selling 602,669 shares during the quarter. Assenagon Asset Management S.A.'s holdings in KKR & Co. Inc. were worth $33,325,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. boosted its stake 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 valued at $41,000 after purchasing an additional 272 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Down 3.1%

KKR & Co. Inc. stock traded down $3.92 during trading on Friday, reaching $121.32. 4,208,306 shares of the company's stock were exchanged, compared to its average volume of 4,908,165. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The firm has a market cap of $108.06 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 1.00 and a beta of 1.89. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company's 50-day moving average is $115.24 and its two-hundred day moving average is $132.02.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm's revenue was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. On average, analysts predict 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 issued a $0.185 dividend. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is currently 31.22%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the sale, the chairman now owns 73,006,022 shares in the company, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Scully bought 13,250 shares of the company's stock in a transaction on 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 directly owns 13,250 shares of the company's stock, valued at $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on KKR shares. Barclays increased their price objective 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. Keefe, Bruyette & Woods boosted their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Citigroup dropped their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Buy" and an average target price of $149.43.

KKR & Co. Inc. Company Profile

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.