Private Capital Management LLC Has $43.56 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Private Capital Management LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 294,484 shares of the asset manager's stock after selling 44,363 shares during the period. KKR & Co. Inc. comprises about 4.6% of Private Capital Management LLC's holdings, making the stock its 7th largest position. Private Capital Management LLC's holdings in KKR & Co. Inc. were worth $43,557,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the fourth quarter worth about $36,000. Finally, HM Payson & Co. raised its position 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 worth $41,000 after acquiring an additional 272 shares during the period. 76.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research reports. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an "overweight" 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 lowered their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. JMP Securities lowered their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday. Finally, Citigroup lowered 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. One research 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 data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Buy" and a consensus target price of $149.14.

Insider Activity at KKR & Co. Inc.

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

KKR & Co. Inc. Stock Performance

Shares of KKR traded up $0.23 during trading hours on Friday, hitting $125.87. The company's stock had a trading volume of 2,478,794 shares, compared to its average volume of 5,022,579. The company has a market cap of $112.10 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50 day simple moving average of $112.21 and a two-hundred day simple moving average of $135.65. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.77 billion during 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 revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. On average, equities 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. Investors of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. The ex-dividend date is Monday, May 12th. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is currently 31.22%.

KKR & Co. Inc. 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.