Forsta AP Fonden Sells 73,600 Shares of KKR & Co. Inc. (NYSE:KKR)

Key Points

• Forsta AP Fonden has sold 73,600 shares of KKR & Co. Inc., reducing its holdings by 37.2% during the first quarter, leaving it with 124,100 shares valued at approximately $14.35 million.
• Insider sales include KKR's Chairman Henry R. Kravis selling 130,925 shares worth nearly $15.93 million and Chairman George R. Roberts selling 809,906 shares worth about $116.83 million.
• KKR recently announced a quarterly dividend of $0.185 per share, increasing from the previous $0.18, reflecting a payout ratio of 34.42% and an annualized yield of 0.5%.

Forsta AP Fonden decreased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 37.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,100 shares of the asset manager's stock after selling 73,600 shares during the period. Forsta AP Fonden's holdings in KKR & Co. Inc. were worth $14,347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $31,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. during the first quarter valued at about $38,000. GW&K Investment Management LLC raised its position in shares of KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after buying an additional 111 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Down 0.7%

Shares of KKR & Co. Inc. stock traded down $1.06 during trading hours on Monday, reaching $141.61. The company's stock had a trading volume of 1,818,626 shares, compared to its average volume of 3,493,415. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market capitalization of $126.12 billion, a P/E ratio of 65.86, a P/E/G ratio of 1.54 and a beta of 1.87. The stock's fifty day simple moving average is $135.84 and its two-hundred day simple moving average is $127.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm earned $1.09 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,281,394 shares of company stock worth $413,158,033. Insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research note on Wednesday, July 9th. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, Barclays upped their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $157.73.

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.