KKR & Co. Inc. (NYSE:KKR) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management reduced its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 82.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 460 shares of the asset manager's stock after selling 2,190 shares during the quarter. Hollencrest Capital Management's holdings in KKR & Co. Inc. were worth $53,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jennison Associates LLC raised its position in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after buying an additional 4,306,290 shares during the last quarter. Forum Financial Management LP raised its position in KKR & Co. Inc. by 11.9% during the 1st quarter. Forum Financial Management LP now owns 9,589 shares of the asset manager's stock worth $1,109,000 after buying an additional 1,023 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in KKR & Co. Inc. by 5.6% during the 1st quarter. Mayflower Financial Advisors LLC now owns 2,769 shares of the asset manager's stock worth $320,000 after buying an additional 147 shares during the last quarter. FWG Holdings LLC raised its position in KKR & Co. Inc. by 20.2% during the 1st quarter. FWG Holdings LLC now owns 5,982 shares of the asset manager's stock worth $684,000 after buying an additional 1,004 shares during the last quarter. Finally, Bridgewater Advisors Inc. purchased a new position in KKR & Co. Inc. during the 1st quarter worth approximately $497,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 1.0%

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

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm 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 14.75% and a return on equity of 6.43%. KKR & Co. Inc.'s revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent research reports. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods lifted their target price 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. Barclays lifted their target price on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Evercore ISI lifted their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $154.33.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the sale, the insider directly owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Barakett bought 35,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the purchase, the director directly owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by corporate insiders.

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.