Legacy Advisors LLC Sells 2,239 Shares of KKR & Co. Inc. (NYSE:KKR)

Legacy Advisors LLC lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 36.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,914 shares of the asset manager's stock after selling 2,239 shares during the quarter. Legacy Advisors LLC's holdings in KKR & Co. Inc. were worth $452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its holdings in KKR & Co. Inc. by 7.9% in the first quarter. Asset Management One Co. Ltd. now owns 269,479 shares of the asset manager's stock worth $31,154,000 after purchasing an additional 19,820 shares during the last quarter. Runnymede Capital Advisors Inc. boosted its stake in shares of KKR & Co. Inc. by 3.4% during the 1st quarter. Runnymede Capital Advisors Inc. now owns 12,617 shares of the asset manager's stock worth $1,459,000 after acquiring an additional 410 shares during the last quarter. XML Financial LLC boosted its stake in shares of KKR & Co. Inc. by 20.9% during the 1st quarter. XML Financial LLC now owns 4,846 shares of the asset manager's stock worth $560,000 after acquiring an additional 839 shares during the last quarter. Pursue Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. during the 1st quarter worth $893,000. Finally, Hudson Value Partners LLC purchased a new position in shares of KKR & Co. Inc. during the 1st quarter worth $906,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $2.58 on Friday, reaching $134.52. The company had a trading volume of 5,398,601 shares, compared to its average volume of 4,220,037. 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 has a market capitalization of $119.81 billion, a PE ratio of 56.76, a price-to-earnings-growth ratio of 1.49 and a beta of 1.89. The firm's 50 day moving average price is $120.23 and its 200 day moving average price is $129.16. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a $0.185 dividend. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.'s payout ratio is currently 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the transaction, the chairman now directly owns 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the transaction, the insider now directly owns 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price target for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Citigroup dropped their price target on shares of 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. Keefe, Bruyette & Woods lifted their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Barclays lifted their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Buy" and an average price target of $149.43.

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.