KKR & Co. Inc. (NYSE:KKR) Stock Position Decreased by Patton Fund Management Inc.

Patton Fund Management Inc. reduced its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 22.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 32,444 shares of the asset manager's stock after selling 9,632 shares during the quarter. Patton Fund Management Inc.'s holdings in KKR & Co. Inc. were worth $3,751,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KKR. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in KKR & Co. Inc. in the fourth quarter worth $50,199,000. Arete Wealth Advisors LLC lifted its holdings in KKR & Co. Inc. by 44.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after acquiring an additional 2,749 shares during the period. Jupiter Asset Management Ltd. boosted its position in shares of KKR & Co. Inc. by 50.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after purchasing an additional 38,524 shares in the last quarter. Finally, Systematic Alpha Investments LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth $423,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Ratings Changes

KKR has been the topic of several recent analyst reports. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Barclays boosted their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, TD Cowen cut 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. One research 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, KKR & Co. Inc. currently has an average rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Stock Performance

KKR traded up $1.23 during trading hours on Wednesday, hitting $122.29. 2,399,599 shares of the stock were exchanged, compared to its average volume of 4,878,355. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The stock has a 50-day simple moving average of $116.58 and a 200-day simple moving average of $131.00. The stock has a market cap of $108.91 billion, a price-to-earnings ratio of 51.60, a price-to-earnings-growth ratio of 1.35 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results 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. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the company posted $0.97 earnings per share. KKR & Co. Inc.'s revenue was down 67.8% on a year-over-year basis. Analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.185 per share. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is 31.22%.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman now owns 82,171,884 shares in the company, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the completion of the sale, the chairman now owns 73,006,022 shares of the company's stock, 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 sold 8,471,488 shares of company stock valued at $501,529,092 in the last three months. 39.34% of the stock is currently owned by corporate insiders.

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.