Oppenheimer Asset Management Inc. Sells 13,383 Shares of KKR & Co. Inc. (NYSE:KKR)

Oppenheimer Asset Management Inc. reduced its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 81.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,044 shares of the asset manager's stock after selling 13,383 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in KKR & Co. Inc. were worth $352,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KKR. Brighton Jones LLC grew its stake in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after purchasing an additional 2,437 shares during the period. Flputnam Investment Management Co. bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $215,000. SVB Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $1,681,000. Fisher Asset Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $245,000. Finally, US Bancorp DE increased its stake in shares of KKR & Co. Inc. by 4.7% in the 4th quarter. US Bancorp DE now owns 53,186 shares of the asset manager's stock valued at $7,867,000 after acquiring an additional 2,370 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction 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. This trade represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director owned 13,250 shares of the company's stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Company insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays raised their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Finally, Citigroup cut their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $149.47.

KKR & Co. Inc. Stock Up 0.1%

KKR & Co. Inc. stock traded up $0.19 during trading on Wednesday, hitting $132.64. 175,750 shares of the company were exchanged, compared to its average volume of 4,200,820. The company has a market capitalization of $118.14 billion, a P/E ratio of 55.90, a PEG ratio of 1.48 and a beta of 1.88. The business's 50 day moving average is $121.55 and its 200 day moving average is $129.03. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business's revenue for the quarter was down 67.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

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.