Denali Advisors LLC Reduces Stake in KKR & Co. Inc. (NYSE:KKR)

Denali Advisors LLC decreased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 68.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,540 shares of the asset manager's stock after selling 38,141 shares during the period. Denali Advisors LLC's holdings in KKR & Co. Inc. were worth $2,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KKR. Csenge Advisory Group increased its stake in shares of KKR & Co. Inc. by 7.5% during the first quarter. Csenge Advisory Group now owns 2,029 shares of the asset manager's stock valued at $235,000 after buying an additional 141 shares during the period. Diversify Advisory Services LLC boosted its holdings in KKR & Co. Inc. by 5.1% in the first quarter. Diversify Advisory Services LLC now owns 3,257 shares of the asset manager's stock worth $372,000 after acquiring an additional 158 shares in the last quarter. Jennison Associates LLC boosted its holdings in KKR & Co. Inc. by 4,918.6% in the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after acquiring an additional 4,306,290 shares in the last quarter. Forum Financial Management LP raised its stake in shares of KKR & Co. Inc. by 11.9% in the first quarter. Forum Financial Management LP now owns 9,589 shares of the asset manager's stock worth $1,109,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Mayflower Financial Advisors LLC raised its stake in shares of KKR & Co. Inc. by 5.6% in the first quarter. Mayflower Financial Advisors LLC now owns 2,769 shares of the asset manager's stock worth $320,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 1.0%

KKR traded down $1.52 during mid-day trading on Friday, hitting $146.08. 3,123,293 shares of the stock were exchanged, compared to its average volume of 4,241,985. The firm's fifty day moving average is $128.19 and its two-hundred day moving average is $128.20. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $130.10 billion, a PE ratio of 61.64, a PEG ratio of 1.63 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared 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 was Monday, May 12th. This represents a 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%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JMP Securities reiterated a "market perform" rating and set a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Bank of America lowered their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a report on Wednesday, July 9th. Finally, TD Cowen dropped their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.33.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the sale, the chairman owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Scully purchased 13,250 shares of KKR & Co. Inc. stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director directly owned 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 over the last ninety days. Company 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.