B & T Capital Management DBA Alpha Capital Management Reduces Holdings in KKR & Co. Inc. (NYSE:KKR)

B & T Capital Management DBA Alpha Capital Management trimmed its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,882 shares of the asset manager's stock after selling 2,862 shares during the period. KKR & Co. Inc. accounts for about 1.6% of B & T Capital Management DBA Alpha Capital Management's investment portfolio, making the stock its 15th largest position. B & T Capital Management DBA Alpha Capital Management's holdings in KKR & Co. Inc. were worth $8,310,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Bank & Trust boosted its stake in shares of KKR & Co. Inc. by 1.3% during the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after purchasing an additional 98 shares during the last quarter. LRI Investments LLC boosted its stake in shares of KKR & Co. Inc. by 9.9% during the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock worth $164,000 after purchasing an additional 100 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of KKR & Co. Inc. by 1.3% during the 4th quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock worth $1,230,000 after purchasing an additional 110 shares during the last quarter. Forum Financial Management LP boosted its stake in shares of KKR & Co. Inc. by 1.3% during the 4th quarter. Forum Financial Management LP now owns 8,566 shares of the asset manager's stock worth $1,267,000 after purchasing an additional 111 shares during the last quarter. Finally, James J. Burns & Company LLC boosted its stake in shares of KKR & Co. Inc. by 1.4% during the 1st quarter. James J. Burns & Company LLC now owns 8,527 shares of the asset manager's stock worth $986,000 after purchasing an additional 117 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on KKR. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Piper Sandler began coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 price objective on the stock. Citigroup increased their price objective on shares of KKR & Co. Inc. from $132.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Finally, HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $155.20.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 owned 13,260,971 shares in the company, valued at $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy R. Barakett acquired 35,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the purchase, the director directly owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Trading Down 1.3%

NYSE KKR traded down $1.92 during mid-day trading on Friday, hitting $141.13. The company's stock had a trading volume of 3,204,355 shares, compared to its average volume of 4,236,253. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock's fifty day simple moving average is $125.56 and its two-hundred day simple moving average is $128.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $125.70 billion, a P/E ratio of 59.55, a price-to-earnings-growth ratio of 1.61 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted $0.97 earnings per share. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. Research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

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.