GTS Securities LLC Sells 5,899 Shares of KKR & Co. Inc. (NYSE:KKR)

GTS Securities LLC reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 54.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,950 shares of the asset manager's stock after selling 5,899 shares during the quarter. GTS Securities LLC's holdings in KKR & Co. Inc. were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $26,000. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $34,000. Finally, Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded up $1.32 on Thursday, reaching $122.36. 3,474,989 shares of the company traded hands, compared to its average volume of 5,646,146. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The stock has a market capitalization of $108.98 billion, a PE ratio of 36.74, a P/E/G ratio of 1.00 and a beta of 1.91. The company's 50 day moving average is $113.12 and its 200-day moving average is $134.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. The company's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their target price for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. JMP Securities lowered their price target 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. 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 report on Friday, May 2nd. Finally, Bank of America lowered their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $149.43.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Timothy R. Barakett purchased 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the acquisition, the director now directly owns 185,000 shares of the company's stock, valued at approximately $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

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.