Curbstone Financial Management Corp Cuts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Curbstone Financial Management Corp trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,308 shares of the asset manager's stock after selling 2,680 shares during the quarter. Curbstone Financial Management Corp's holdings in KKR & Co. Inc. were worth $3,620,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KKR. Vanguard Group Inc. raised its stake in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after buying an additional 441,817 shares during the period. Geode Capital Management LLC raised its position in 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 worth $2,073,624,000 after acquiring an additional 458,048 shares during the period. FMR LLC raised its position in KKR & Co. Inc. by 6.7% during the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after acquiring an additional 752,056 shares during the period. Norges Bank purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $1,435,314,000. Finally, Nuveen Asset Management LLC grew its position in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 0.5%

Shares of NYSE KKR traded down $0.61 during midday trading on Thursday, reaching $125.39. 1,005,559 shares of the stock were exchanged, compared to its average volume of 5,461,914. The stock has a market capitalization of $111.68 billion, a P/E ratio of 37.65, 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 has a 50 day simple moving average of $114.68 and a 200 day simple moving average of $132.25. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 1,190,094 shares of the firm'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 completion of the transaction, the chairman now directly owns 82,171,884 shares in the company, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the transaction, the insider now directly owns 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This represents a 31.15% 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 valued at $501,529,092 over the last 90 days. 39.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. TD Cowen cut their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Barclays boosted their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Buy" and a consensus 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.