GoodHaven Capital Management LLC Has $14.03 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

GoodHaven Capital Management LLC decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,325 shares of the asset manager's stock after selling 3,940 shares during the period. KKR & Co. Inc. makes up approximately 4.8% of GoodHaven Capital Management LLC's holdings, making the stock its 9th biggest position. GoodHaven Capital Management LLC's holdings in KKR & Co. Inc. were worth $14,026,000 at the end of the most recent reporting period.

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

KKR & Co. Inc. Trading Up 2.3%

Shares of KKR opened at $123.46 on Monday. The company's fifty day simple moving average is $113.54 and its 200-day simple moving average is $132.60. The company has a market cap of $109.96 billion, a P/E ratio of 37.08, a P/E/G 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 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 quarterly earnings data 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. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 EPS. As a group, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a $0.185 dividend. This represents a dividend yield of 0.64%. This is an increase 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 is presently 31.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KKR shares. JMP Securities reduced their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Barclays boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. 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. Finally, 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 report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Buy" and a consensus target price of $149.43.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. 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 sale, the chairman now owns 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 in the last quarter. 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.

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