Siemens Fonds Invest GmbH Lowers Stake in KKR & Co. Inc. (NYSE:KKR)

Siemens Fonds Invest GmbH lowered its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 92.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,989 shares of the asset manager's stock after selling 25,989 shares during the quarter. Siemens Fonds Invest GmbH's holdings in KKR & Co. Inc. were worth $294,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. lifted its holdings in KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after purchasing an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in KKR & Co. Inc. by 0.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after purchasing an additional 69 shares in the last quarter. Ballentine Partners LLC lifted its holdings in KKR & Co. Inc. by 1.2% during the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after purchasing an additional 70 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in KKR & Co. Inc. by 5.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after purchasing an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KKR. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. TD Cowen reduced 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 report on Wednesday, April 9th. Citigroup reduced 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 report on Tuesday, April 8th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. One investment 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, the company has an average rating of "Buy" and a consensus price target of $149.14.

Insiders Place Their Bets

In other news, Director Robert W. Scully acquired 13,250 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director now directly owns 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Trading Up 0.2%

Shares of KKR opened at $125.87 on Monday. The company's fifty day moving average is $112.21 and its 200 day moving average is $135.63. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The stock has a market capitalization of $112.10 billion, a PE ratio of 37.80, a P/E/G ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. KKR & Co. Inc.'s quarterly revenue was down 67.8% on a year-over-year basis. Sell-side analysts expect 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 disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. This represents a yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.'s payout ratio is presently 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.

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