KKR & Co. Inc. (NYSE:KKR) Shares Sold by Sabal Trust CO

Sabal Trust CO lowered its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,496 shares of the asset manager's stock after selling 2,224 shares during the quarter. Sabal Trust CO's holdings in KKR & Co. Inc. were worth $3,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $26,000. Mascagni Wealth Management Inc. acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $36,000. Finally, HM Payson & Co. lifted 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 worth $41,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 2.5%

KKR stock traded up $3.26 during mid-day trading on Thursday, hitting $132.10. 3,914,921 shares of the company were exchanged, compared to its average volume of 4,266,494. The firm has a fifty day simple moving average of $119.03 and a 200 day simple moving average of $129.79. The company has a market capitalization of $117.65 billion, a PE ratio of 55.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month 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 issued its quarterly 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. The business had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The company's quarterly revenue was down 67.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KKR shares. Citigroup dropped their target price 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. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Bank of America dropped their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Keefe, Bruyette & Woods boosted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price target for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $149.43.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Robert W. Scully acquired 13,250 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction 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 represents a 31.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,471,488 shares of company stock worth $501,529,092. 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.