KKR & Co. Inc. $KKR Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,195 shares of the asset manager's stock after selling 9,587 shares during the quarter. HighTower Advisors LLC's holdings in KKR & Co. Inc. were worth $9,849,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KKR. Lansforsakringar Fondforvaltning AB publ purchased a new position in KKR & Co. Inc. during the 4th quarter valued at approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in KKR & Co. Inc. during the 4th quarter valued at approximately $50,199,000. National Bank of Canada FI grew its holdings in KKR & Co. Inc. by 44.0% during the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock valued at $90,078,000 after buying an additional 237,987 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in KKR & Co. Inc. by 39.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock valued at $818,000 after buying an additional 2,006 shares in the last quarter. Finally, CWM LLC grew its holdings in KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager's stock valued at $1,039,000 after buying an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 3.9%

Shares of KKR traded up $5.43 during trading hours on Friday, hitting $143.27. The company had a trading volume of 1,796,418 shares, compared to its average volume of 4,824,204. The company has a market capitalization of $127.65 billion, a PE ratio of 66.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.87. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company's fifty day moving average price is $138.94 and its two-hundred day moving average price is $126.60.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the previous year, the company posted $1.09 EPS. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be given a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Analyst Ratings Changes

KKR has been the topic of several recent research reports. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Citigroup raised their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Barclays raised their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $157.73.

Insider Activity

In related news, Chairman Henry R. Kravis sold 1,150,469 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 transaction of $137,826,186.20. Following the transaction, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. This represents a 1.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction dated 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 directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,281,394 shares of company stock worth $413,158,033 over the last ninety days. 39.34% of the stock is currently owned by corporate 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.