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

Oppenheimer & Co. Inc. reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,069 shares of the asset manager's stock after selling 9,731 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in KKR & Co. Inc. were worth $22,668,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $1,435,314,000. Nuveen Asset Management LLC increased its stake in KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the period. GQG Partners LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $325,752,000. Proficio Capital Partners LLC increased its stake in KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock valued at $232,669,000 after purchasing an additional 1,542,092 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $218,918,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JMP Securities dropped their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Citigroup dropped their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. TD Cowen dropped 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 note on Wednesday, April 9th. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $149.43.

Insider Buying and Selling

In other news, Chairman Henry R. Kravis sold 130,925 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the sale, the chairman now directly owns 73,006,022 shares in the company, valued at $8,882,642,696.74. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 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 now owns 13,260,971 shares in the company, valued at $453,525,208.20. This represents a 31.15% 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. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

KKR stock traded down $0.40 during trading on Monday, reaching $122.20. 2,696,312 shares of the company were exchanged, compared to its average volume of 4,293,328. The company has a market cap of $108.84 billion, a P/E ratio of 51.56, a PEG ratio of 1.36 and a beta of 1.89. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock's 50 day moving average price is $118.03 and its 200 day moving average price is $129.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 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 firm's revenue was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. As a group, analysts predict 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 disclosed 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 was Monday, May 12th. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is currently 31.22%.

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.