Capital Analysts LLC Sells 8,581 Shares of KKR & Co. Inc. $KKR

Key Points

• Capital Analysts LLC reduced its stake in KKR & Co. Inc. by 28.1%, selling 8,581 shares during the first quarter, leaving them with 21,946 shares worth approximately $2.54 million.
• Insider sales included chairman George R. Roberts and Henry R. Kravis, who sold 1,190,094 and 1,150,469 shares respectively, leading to a slight decrease in their ownership of the company.
• KKR & Co. Inc. declared a quarterly dividend of $0.185 per share, up from the previous $0.18, reflecting a dividend yield of 0.5%.

Capital Analysts LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 28.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,946 shares of the asset manager's stock after selling 8,581 shares during the quarter. Capital Analysts LLC's holdings in KKR & Co. Inc. were worth $2,538,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Venture Visionary Partners LLC lifted its stake in shares of KKR & Co. Inc. by 3.7% in the 1st quarter. Venture Visionary Partners LLC now owns 16,368 shares of the asset manager's stock worth $1,892,000 after acquiring an additional 588 shares during the period. Bowen Hanes & Co. Inc. lifted its position in KKR & Co. Inc. by 109.4% in the first quarter. Bowen Hanes & Co. Inc. now owns 84,930 shares of the asset manager's stock worth $9,819,000 after purchasing an additional 44,370 shares during the period. Credit Agricole S A lifted its position in KKR & Co. Inc. by 271.6% in the first quarter. Credit Agricole S A now owns 898,483 shares of the asset manager's stock worth $103,874,000 after purchasing an additional 656,706 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in KKR & Co. Inc. by 3.5% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 14,641 shares of the asset manager's stock valued at $1,693,000 after purchasing an additional 496 shares in the last quarter. Finally, Groupama Asset Managment acquired a new position in shares of KKR & Co. Inc. during the 1st quarter valued at $279,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Oppenheimer upped their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Citigroup raised their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, August 1st. JMP Securities restated a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Finally, Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.73.

KKR & Co. Inc. Stock Performance

KKR stock traded up $3.8310 during mid-day trading on Friday, reaching $141.6710. 4,084,502 shares of the stock traded hands, compared to its average volume of 3,227,708. The firm has a market capitalization of $126.22 billion, a PE ratio of 65.89, a P/E/G ratio of 1.56 and a beta of 1.87. The business has a 50-day moving average of $139.35 and a two-hundred day moving average of $126.35. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the previous year, the company earned $1.09 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s payout ratio is presently 34.42%.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Henry R. Kravis sold 1,150,469 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 value of $137,826,186.20. Following the completion of the transaction, the chairman directly owned 73,006,022 shares of the company's stock, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,281,394 shares of company stock valued at $413,158,033 in the last ninety days. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. 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.