USS Investment Management Ltd Trims Holdings in KKR & Co. Inc. (NYSE:KKR)

USS Investment Management Ltd reduced its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 15.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,308 shares of the asset manager's stock after selling 20,929 shares during the quarter. USS Investment Management Ltd's holdings in KKR & Co. Inc. were worth $16,332,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KKR. Tallon Kerry Patrick bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $207,000. Ritholtz Wealth Management boosted its position in shares of KKR & Co. Inc. by 28.1% in the fourth quarter. Ritholtz Wealth Management now owns 2,878 shares of the asset manager's stock valued at $426,000 after acquiring an additional 631 shares during the period. HB Wealth Management LLC boosted its position in shares of KKR & Co. Inc. by 30.3% in the fourth quarter. HB Wealth Management LLC now owns 11,638 shares of the asset manager's stock valued at $1,721,000 after acquiring an additional 2,708 shares during the period. Ameritas Advisory Services LLC boosted its position in shares of KKR & Co. Inc. by 114.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 4,060 shares of the asset manager's stock valued at $600,000 after acquiring an additional 2,168 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $437,000. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Robert W. Scully purchased 13,250 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction 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 represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on KKR. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday. Bank of America dropped their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. JMP Securities dropped their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup dropped their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One investment 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. presently has an average rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Trading Down 0.9%

Shares of NYSE KKR traded down $1.03 during mid-day trading on Friday, hitting $117.17. The stock had a trading volume of 3,021,054 shares, compared to its average volume of 5,016,053. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The business has a 50 day moving average price of $112.94 and a two-hundred day moving average price of $135.06. The firm has a market cap of $104.36 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a dividend yield of 0.64%. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.'s payout ratio is presently 31.22%.

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.