KKR & Co. Inc. $KKR Shares Sold by Bleakley Financial Group LLC

Key Points

• Bleakley Financial Group cut its KKR position by 29.3% in the fourth quarter, selling 11,740 shares and leaving it with 28,261 shares worth about $3.6 million.
• Wall Street sentiment remains generally positive on KKR, with an average “Moderate Buy” rating and a consensus price target of $134.53, even though some firms trimmed targets and one analyst downgraded the stock.
• KKR recently raised its quarterly dividend to $0.195 per share and authorized a $500 million share buyback, signaling continued capital returns to shareholders.

Bleakley Financial Group LLC lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,261 shares of the asset manager's stock after selling 11,740 shares during the quarter. Bleakley Financial Group LLC's holdings in KKR & Co. Inc. were worth $3,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $218,000. Sivia Capital Partners LLC raised its holdings in KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager's stock valued at $273,000 after buying an additional 237 shares during the period. United Bank purchased a new stake in KKR & Co. Inc. in the 2nd quarter valued at about $769,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in KKR & Co. Inc. in the 2nd quarter valued at about $4,826,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KKR shares. The Goldman Sachs Group reduced their price objective on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, April 7th. Barclays reduced their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an "overweight" rating on the stock in a report on Wednesday, May 6th. Zacks Research lowered shares of KKR & Co. Inc. from a "hold" rating to a "strong sell" rating in a report on Monday, April 13th. UBS Group boosted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada reduced their price objective on shares of KKR & Co. Inc. from $132.00 to $128.00 and set an "outperform" rating on the stock in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $134.53.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the acquisition, the director directly owned 285,000 shares of the company's stock, valued at $26,923,950. This trade represents a 21.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.20% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Up 0.1%

Shares of KKR stock opened at $95.09 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $85.38 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 0.83 and a beta of 1.85. The company has a 50 day moving average price of $96.26 and a 200 day moving average price of $109.41. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The firm had revenue of $5.74 billion during the quarter. Equities research analysts predict that KKR & Co. Inc. will post 5.46 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, May 15th. KKR & Co. Inc.'s dividend payout ratio is currently 26.53%.

KKR & Co. Inc. announced that its board has authorized a stock buyback plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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