KBC Group NV Trims Stake in KKR & Co. Inc. (NYSE:KKR)

KBC Group NV reduced its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 58.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,933 shares of the asset manager's stock after selling 70,922 shares during the quarter. KBC Group NV's holdings in KKR & Co. Inc. were worth $5,889,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of KKR. Brighton Jones LLC increased its holdings in shares of 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 acquiring an additional 2,437 shares during the period. Flputnam Investment Management Co. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $215,000. Fisher Asset Management LLC bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $245,000. US Bancorp DE grew its stake in KKR & Co. Inc. by 4.7% in the fourth quarter. US Bancorp DE now owns 53,186 shares of the asset manager's stock valued at $7,867,000 after purchasing an additional 2,370 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in KKR & Co. Inc. by 54.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,072 shares of the asset manager's stock valued at $307,000 after purchasing an additional 734 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on KKR. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays boosted their price objective 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. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their target price for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a report on Monday. They issued an "overweight" rating and a $150.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $149.47.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $4.10 during mid-day trading on Friday, hitting $138.63. The stock had a trading volume of 2,650,555 shares, compared to its average volume of 4,217,819. The firm has a market cap of $123.46 billion, a PE ratio of 58.49, a PEG ratio of 1.54 and a beta of 1.88. 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 50 day moving average of $123.10 and a two-hundred day moving average of $128.86. 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 posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company's quarterly 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. Research analysts predict 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 was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.185 dividend. The ex-dividend date was Monday, May 12th. This represents a 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 is currently 31.22%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the company'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 $137,826,186.20. Following the completion of the sale, the chairman directly owned 73,006,022 shares in the company, valued at $8,746,121,435.60. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 in the last quarter. 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.