Exchange Traded Concepts LLC Sells 2,775 Shares of KKR & Co. Inc. (NYSE:KKR)

Exchange Traded Concepts LLC lowered its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 31.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,928 shares of the asset manager's stock after selling 2,775 shares during the quarter. Exchange Traded Concepts LLC's holdings in KKR & Co. Inc. were worth $685,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KKR. Norges Bank bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth $1,435,314,000. Nuveen Asset Management LLC increased its holdings 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 purchasing an additional 3,391,581 shares during the period. GQG Partners LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth $325,752,000. Proficio Capital Partners LLC increased its holdings in shares of KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth $218,918,000. Institutional investors own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated 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 now directly owns 13,260,971 shares of the company's stock, valued at $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 available at this link. Also, Chairman Henry R. Kravis sold 130,925 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the transaction, the chairman now directly owns 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,471,488 shares of company stock worth $501,529,092. Company insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KKR. Citigroup reduced their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. TD Cowen reduced their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price target for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $149.43.

KKR & Co. Inc. Trading Up 0.1%

Shares of KKR & Co. Inc. stock traded up $0.17 during trading on Friday, reaching $122.59. 4,079,374 shares of the stock were exchanged, compared to its average volume of 4,299,739. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock's fifty day moving average is $117.65 and its 200 day moving average is $130.25. The firm has a market cap of $109.19 billion, a price-to-earnings ratio of 51.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion during 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 for the quarter was down 67.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

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.