KKR & Co. Inc. (NYSE:KKR) Stock Holdings Cut by Greenhaven Road Investment Management L.P.

Greenhaven Road Investment Management L.P. lowered its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 244,700 shares of the asset manager's stock after selling 22,000 shares during the period. KKR & Co. Inc. comprises about 11.5% of Greenhaven Road Investment Management L.P.'s investment portfolio, making the stock its 3rd biggest holding. Greenhaven Road Investment Management L.P.'s holdings in KKR & Co. Inc. were worth $28,290,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $1,435,314,000. Jennison Associates LLC lifted its position in shares of KKR & Co. Inc. by 4,918.6% in the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after purchasing an additional 4,306,290 shares during the period. Nuveen Asset Management LLC lifted its position in shares of KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after purchasing an additional 3,391,581 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares during the period. Finally, GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $325,752,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business'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 completion of the transaction, the insider directly owned 13,260,971 shares in the company, valued at $453,525,208.20. This trade represents a 31.15% decrease in their position. 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 currently owned by company insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $1.52 on Friday, reaching $146.08. The company's stock had a trading volume of 3,123,293 shares, compared to its average volume of 4,241,985. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $130.10 billion, a P/E ratio of 61.64, a PEG ratio of 1.63 and a beta of 1.88. The stock's 50 day simple moving average is $128.19 and its two-hundred day simple moving average is $128.20. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company's revenue for the quarter was down 67.8% on a year-over-year basis. Research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. TD Cowen dropped 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. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods lifted their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.33.

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.