Worldquant Millennium Advisors LLC Has $17.49 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Worldquant Millennium Advisors LLC lowered its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 47.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,213 shares of the asset manager's stock after selling 107,546 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in KKR & Co. Inc. were worth $17,485,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $36,000. Finally, HM Payson & Co. raised its holdings in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after acquiring 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 Performance

KKR stock traded down $1.03 during trading on Friday, reaching $117.17. 3,021,054 shares of the company's stock were exchanged, compared to its average volume of 5,016,053. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company's fifty day moving average price is $112.94 and its 200-day moving average price is $135.06. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $104.36 billion, a PE ratio of 35.19, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm 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 14.31% and a return on equity of 6.20%. KKR & Co. Inc.'s quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS. On average, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a $0.185 dividend. The ex-dividend date of this dividend is Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 31.22%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JMP Securities dropped their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Bank of America lowered their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price target 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 given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Buy" and a consensus price target of $149.43.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value 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. 39.34% of the stock is currently owned by insiders.

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.