Gateway Investment Advisers LLC Has $4.98 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Gateway Investment Advisers LLC trimmed its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,058 shares of the asset manager's stock after selling 8,730 shares during the period. Gateway Investment Advisers LLC's holdings in KKR & Co. Inc. were worth $4,978,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KKR. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $50,199,000. Arete Wealth Advisors LLC boosted its position in KKR & Co. Inc. by 44.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after buying an additional 2,749 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after buying an additional 38,524 shares during the last quarter. Finally, Systematic Alpha Investments LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $423,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KKR shares. Citigroup reduced their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. TD Cowen cut their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods raised their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. One equities 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $149.43.

Insider Activity

In other news, Chairman George R. Roberts sold 1,190,094 shares of the company's 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 completion of the sale, the chairman now directly owns 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the transaction, the insider now directly owns 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,471,488 shares of company stock valued at $501,529,092 in the last 90 days. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Up 2.3%

Shares of NYSE KKR opened at $123.46 on Friday. The firm has a market capitalization of $109.96 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 1.00 and a beta of 1.89. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm's 50-day moving average is $113.54 and its 200-day moving average is $132.77.

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 for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. 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. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. Equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

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.

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