Dorsey Wright & Associates Lowers Stake in KKR & Co. Inc. (NYSE:KKR)

Dorsey Wright & Associates reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 28.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 26,232 shares of the asset manager's stock after selling 10,479 shares during the period. Dorsey Wright & Associates' holdings in KKR & Co. Inc. were worth $3,033,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KKR. McIlrath & Eck LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the 4th quarter worth $34,000. Mountain Hill Investment Partners Corp. bought a new stake in KKR & Co. Inc. during the 1st quarter valued at $38,000. Finally, GW&K Investment Management LLC raised its position in KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR stock traded up $2.10 during trading on Thursday, reaching $150.36. The company had a trading volume of 4,132,893 shares, compared to its average volume of 3,347,487. The company has a market cap of $133.91 billion, a price-to-earnings ratio of 63.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.88. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a 50-day simple moving average of $129.82 and a 200-day simple moving average of $128.25.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping 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 business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business's revenue for the quarter was down 67.8% compared to the same quarter last year. As a group, sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share 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 $0.185 dividend. This represents a dividend yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KKR shares. Bank of America cut their price target on 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. Evercore ISI increased their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target for the company. JMP Securities reiterated a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Finally, Barclays lifted their price objective on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $154.33.

Insider Activity

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 sale, the chairman directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $205,200,000.00. Following the transaction, the insider owned 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. 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 owned by insiders.

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.