Rational Advisors Inc. Has $2.56 Million Position in KKR & Co. Inc. (NYSE:KKR)

Rational Advisors Inc. reduced its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,150 shares of the asset manager's stock after selling 2,900 shares during the period. Rational Advisors Inc.'s holdings in KKR & Co. Inc. were worth $2,561,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. IFC Advisors LLC raised its position in shares of KKR & Co. Inc. by 44.3% in the first quarter. IFC Advisors LLC now owns 14,880 shares of the asset manager's stock valued at $1,720,000 after purchasing an additional 4,567 shares during the period. Kesler Norman & Wride LLC increased its position in KKR & Co. Inc. by 198.5% in the 1st quarter. Kesler Norman & Wride LLC now owns 7,322 shares of the asset manager's stock worth $847,000 after buying an additional 4,869 shares during the period. Allworth Financial LP increased its position in KKR & Co. Inc. by 4.0% in the 1st quarter. Allworth Financial LP now owns 5,143 shares of the asset manager's stock worth $582,000 after buying an additional 199 shares during the period. Nisa Investment Advisors LLC increased its position in KKR & Co. Inc. by 1.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 70,411 shares of the asset manager's stock worth $8,140,000 after buying an additional 1,257 shares during the period. Finally, Greenleaf Trust increased its position in KKR & Co. Inc. by 14.0% in the 1st quarter. Greenleaf Trust now owns 6,998 shares of the asset manager's stock worth $809,000 after buying an additional 861 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KKR shares. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th. JMP Securities reaffirmed a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday. Keefe, Bruyette & Woods lifted their price target 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. Barclays lifted their price target on KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Oppenheimer boosted their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $154.33.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded down $2.36 on Tuesday, reaching $137.07. The company's stock had a trading volume of 2,671,624 shares, compared to its average volume of 4,231,842. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $122.08 billion, a price-to-earnings ratio of 57.84, a PEG ratio of 1.59 and a beta of 1.88. The business's fifty day moving average price is $126.05 and its 200 day moving average price is $128.19. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The firm's revenue for the quarter was down 67.8% compared to the same quarter last year. Equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm 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 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%.

Insider Buying and Selling 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 that occurred on 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 completion of the transaction, the insider directly owned 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman directly owned 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 in the last 90 days. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Company Profile

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.