Siemens Fonds Invest GmbH Sells 25,989 Shares of KKR & Co. Inc. (NYSE:KKR)

Siemens Fonds Invest GmbH reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 92.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KKR. McIlrath & Eck LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $26,000. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $36,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

KKR stock traded down $1.05 during midday trading on Friday, reaching $121.28. 6,807,795 shares of the company's stock traded hands, compared to its average volume of 5,038,252. The company has a 50-day simple moving average of $113.11 and a two-hundred day simple moving average of $133.95. The company has a market cap of $108.02 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (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 analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm's revenue was down 67.8% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. On average, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KKR. Morgan Stanley upgraded 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 research note on Wednesday, May 14th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price target for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Barclays upped their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Bank of America lowered their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $149.43.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 35,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the purchase, the director now directly owns 185,000 shares in the company, valued at $21,815,200. This trade represents a 23.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's 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 completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75% decrease in their position. The disclosure for this sale can be found here. Company insiders own 39.34% of the company's stock.

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.