KKR & Co. Inc. (NYSE:KKR) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,745 shares of the asset manager's stock after selling 8,175 shares during the quarter. Stephens Inc. AR's holdings in KKR & Co. Inc. were worth $17,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after buying an additional 2,437 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of KKR & Co. Inc. by 1.0% during the 4th quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager's stock worth $4,625,000 after buying an additional 316 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 10.9% during the 4th quarter. HighTower Advisors LLC now owns 94,782 shares of the asset manager's stock worth $14,019,000 after buying an additional 9,331 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 5.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 15,346 shares of the asset manager's stock worth $2,270,000 after buying an additional 742 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of KKR & Co. Inc. by 23.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 23,626 shares of the asset manager's stock worth $3,494,000 after buying an additional 4,447 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $1.62 during trading hours on Monday, hitting $139.43. The stock had a trading volume of 3,295,755 shares, compared to its average volume of 4,238,082. The firm has a market capitalization of $124.18 billion, a PE ratio of 58.83, a PEG ratio of 1.59 and a beta of 1.88. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock's 50 day moving average is $125.56 and its 200 day moving average is $128.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company posted $0.97 earnings per share. The business's revenue was down 67.8% on a year-over-year basis. As a group, research analysts forecast 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 issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Insider Activity

In other news, Director Timothy R. Barakett acquired 35,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost 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. This represents a 23.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction on 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 directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. Insiders own 39.34% of the company's stock.

Analyst Ratings Changes

KKR has been the subject of several research analyst reports. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Barclays lifted their target price on KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday. Evercore ISI lifted their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, JMP Securities reaffirmed a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.