Sanibel Captiva Trust Company Inc. Invests $1.21 Million in KKR & Co. Inc. (NYSE:KKR)

Sanibel Captiva Trust Company Inc. acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,473 shares of the asset manager's stock, valued at approximately $1,211,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $1,435,314,000. Nuveen Asset Management LLC increased its position in KKR & Co. Inc. by 106.2% during 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 acquiring an additional 3,391,581 shares during the last quarter. GQG Partners LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $325,752,000. Proficio Capital Partners LLC lifted its holdings 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 acquiring an additional 1,542,092 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in KKR & Co. Inc. in the fourth quarter worth about $218,918,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business'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 sale, the insider now directly owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $142,573,261.20. Following the transaction, the chairman now owns 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by insiders.

Analyst Ratings Changes

KKR has been the subject of several research reports. TD Cowen reduced their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods increased their price target 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. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Finally, Citigroup decreased 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. 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. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $3.92 during mid-day trading on Friday, reaching $121.32. The company's stock had a trading volume of 4,208,306 shares, compared to its average volume of 4,914,625. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a fifty day moving average of $115.24 and a two-hundred day moving average of $132.02. The firm has a market capitalization of $108.06 billion, a PE ratio of 36.43, 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 quarterly 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. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the previous year, the firm earned $0.97 EPS. The firm's revenue was down 67.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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