Perennial Advisors LLC Sells 2,773 Shares of KKR & Co. Inc. (NYSE:KKR)

Perennial Advisors LLC cut its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,376 shares of the asset manager's stock after selling 2,773 shares during the period. KKR & Co. Inc. accounts for approximately 2.6% of Perennial Advisors LLC's portfolio, making the stock its 12th largest position. Perennial Advisors LLC's holdings in KKR & Co. Inc. were worth $12,992,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. McIlrath & Eck LLC purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. increased its stake in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after purchasing an additional 272 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on KKR. 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 research note on Tuesday, April 8th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Barclays raised their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company increased 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 report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $149.43.

Insiders Place Their Bets

In related news, Director Robert W. Scully purchased 13,250 shares of KKR & Co. Inc. stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the transaction, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated 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 directly owns 13,260,971 shares in the company, valued at $453,525,208.20. This trade represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $0.13 during mid-day trading on Monday, hitting $123.27. 2,459,856 shares of the company traded hands, compared to its average volume of 5,016,092. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50-day moving average price of $113.54 and a two-hundred day moving average price of $132.60. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market cap of $109.79 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 1.00 and a beta of 1.89.

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

KKR & Co. Inc. Increases Dividend

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

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.