KKR & Co. Inc. (NYSE:KKR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 246,164 shares of the asset manager's stock after selling 27,445 shares during the quarter. Handelsbanken Fonder AB's holdings in KKR & Co. Inc. were worth $28,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. McIlrath & Eck LLC bought a new position in KKR & Co. Inc. during the 4th quarter valued at $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. raised its holdings in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider now owns 13,260,971 shares in the company, valued at $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert W. Scully purchased 13,250 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director now owns 13,250 shares of the company's stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 in the last ninety days. Corporate insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JMP Securities decreased their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Citigroup dropped their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods raised their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Bank of America dropped their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Trading Down 3.1%

Shares of KKR & Co. Inc. stock traded down $3.92 on Friday, reaching $121.32. The company had a trading volume of 4,208,306 shares, compared to its average volume of 4,907,525. The firm has a market cap of $108.06 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 1.00 and a beta of 1.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm's 50-day moving average price is $115.79 and its two-hundred day moving average price is $131.74. 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 quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. As a group, research analysts predict 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 disclosed 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 is a boost 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 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.