Teton Advisors Inc. Trims Position in KKR & Co. Inc. $KKR

Key Points

• Teton Advisors Inc. reduced its stake in KKR & Co. Inc. by 13.5%, holding 18,000 shares valued at approximately $2.08 million, making KKR the 18th largest position in their portfolio.
• Insider transactions revealed that KKR's Chairman George R. Roberts and co-chairman Henry R. Kravis sold significant amounts of stock, reducing their ownership by 1.43% and 1.55% respectively.
• Several brokerages have raised their price targets for KKR & Co. Inc., with Citigroup boosting its target from $160 to $170 and a consensus rating of "Moderate Buy" among analysts.

Teton Advisors Inc. lowered its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 13.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,000 shares of the asset manager's stock after selling 2,800 shares during the period. KKR & Co. Inc. makes up 1.3% of Teton Advisors Inc.'s investment portfolio, making the stock its 18th largest position. Teton Advisors Inc.'s holdings in KKR & Co. Inc. were worth $2,081,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Samalin Investment Counsel LLC increased its stake in KKR & Co. Inc. by 22.4% in the 1st quarter. Samalin Investment Counsel LLC now owns 4,932 shares of the asset manager's stock worth $570,000 after purchasing an additional 904 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of KKR & Co. Inc. by 1.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 369,816 shares of the asset manager's stock worth $42,754,000 after buying an additional 5,108 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $248,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $3,368,000. Finally, Islay Capital Management LLC increased its holdings in KKR & Co. Inc. by 22.2% in the 1st quarter. Islay Capital Management LLC now owns 6,518 shares of the asset manager's stock valued at $754,000 after acquiring an additional 1,186 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the sale, the chairman directly owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,281,394 shares of company stock worth $413,158,033. Company insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on KKR. Citigroup boosted their price objective on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Keefe, Bruyette & Woods upped their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. 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 report on Wednesday, May 14th. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research note on Wednesday, July 9th. Finally, JMP Securities reaffirmed a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a report on Monday, July 14th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus price target of $157.73.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $138.4040 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market capitalization of $123.31 billion, a PE ratio of 64.37, a price-to-earnings-growth ratio of 1.56 and a beta of 1.87. The stock's 50-day simple moving average is $139.66 and its 200-day simple moving average is $126.11. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the previous year, the company earned $1.09 EPS. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be issued a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is 34.42%.

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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