DE Burlo Group Inc. Trims Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Key Points

• DE Burlo Group Inc. has reduced its stake in KKR & Co. Inc. by 23.8%, now holding 176,300 shares worth approximately $20.38 million.
• Major insider transactions include a sale by Genetic Disorder L.P. Kkr of 6 million shares valued at $205.2 million, while Director Timothy R. Barakett purchased 35,000 shares for approximately $4.13 million.
• KKR & Co. Inc. recently declared an increased dividend of $0.185 per share, up from $0.17, reflecting a dividend yield of 0.64%.

DE Burlo Group Inc. trimmed its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,300 shares of the asset manager's stock after selling 55,100 shares during the period. KKR & Co. Inc. accounts for about 3.0% of DE Burlo Group Inc.'s investment portfolio, making the stock its 15th biggest holding. DE Burlo Group Inc.'s holdings in KKR & Co. Inc. were worth $20,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its position in KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares during the period. Geode Capital Management LLC grew its stake in shares of KKR & Co. Inc. by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after acquiring an additional 458,048 shares during the period. FMR LLC grew its stake in shares of KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after acquiring an additional 752,056 shares during the period. Nuveen Asset Management LLC grew its stake in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after acquiring an additional 3,391,581 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of KKR & Co. Inc. by 10.8% in the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock worth $909,741,000 after buying an additional 600,696 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

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

KKR & Co. Inc. Stock Performance

NYSE:KKR traded up $0.69 during midday trading on Wednesday, hitting $151.69. The company's stock had a trading volume of 1,140,068 shares, compared to its average volume of 5,002,393. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm's 50 day moving average is $131.42 and its 200-day moving average is $128.25. 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 firm has a market cap of $135.10 billion, a P/E ratio of 63.99, a P/E/G ratio of 1.69 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business's revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS. Equities 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 declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KKR shares. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a report on Wednesday, July 9th. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their price objective 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. TD Cowen cut their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Oppenheimer upped 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $154.33.

About KKR & Co. Inc.

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.