Menlo Advisors LLC Has $6.45 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Menlo Advisors LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,775 shares of the asset manager's stock after selling 2,545 shares during the quarter. KKR & Co. Inc. accounts for approximately 3.1% of Menlo Advisors LLC's investment portfolio, making the stock its 13th biggest position. Menlo Advisors LLC's holdings in KKR & Co. Inc. were worth $6,448,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KKR. Tallon Kerry Patrick acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $207,000. Brighton Jones LLC lifted its stake 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 last quarter. Mather Group LLC. lifted its stake in shares of KKR & Co. Inc. by 7.9% in the 4th quarter. Mather Group LLC. now owns 1,064 shares of the asset manager's stock valued at $157,000 after acquiring an additional 78 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of KKR & Co. Inc. by 116.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 11,184 shares of the asset manager's stock valued at $1,654,000 after acquiring an additional 6,015 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of KKR & Co. Inc. by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,389,891 shares of the asset manager's stock valued at $205,579,000 after acquiring an additional 16,574 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research reports. Bank of America dropped their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. TD Cowen decreased their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Barclays increased their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods increased their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Buy" and an average target price of $149.43.

KKR & Co. Inc. Trading Up 2.3%

NYSE KKR opened at $123.46 on Friday. The business has a 50 day simple moving average of $113.54 and a 200 day simple moving average of $132.77. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market capitalization of $109.96 billion, a P/E ratio of 37.08, a P/E/G ratio of 1.00 and a beta of 1.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released 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 return on equity of 6.20% and a net margin of 14.31%. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The firm's revenue was down 67.8% on a year-over-year basis. Research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company 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. 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 presently 31.22%.

Insiders Place Their Bets

In other news, Director Robert W. Scully purchased 13,250 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $205,200,000.00. Following the completion of the transaction, the insider now owns 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. 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.

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