AlTi Global Inc. Lowers Position in KKR & Co. Inc. (NYSE:KKR)

AlTi Global Inc. lessened its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,382 shares of the asset manager's stock after selling 5,588 shares during the quarter. AlTi Global Inc.'s holdings in KKR & Co. Inc. were worth $1,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $36,000. Finally, HM Payson & Co. increased its position in KKR & Co. Inc. by 6,800.0% during 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 during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded up $2.61 during midday trading on Wednesday, reaching $116.26. The company's stock had a trading volume of 5,239,445 shares, compared to its average volume of 4,981,922. The stock has a fifty day moving average of $111.75 and a 200 day moving average of $136.60. The firm has a market capitalization of $103.27 billion, a PE ratio of 34.91, a P/E/G ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month 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 announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion during 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%. During the same quarter in the previous year, the business earned $0.97 EPS. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. On average, equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JMP Securities decreased their target price on 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. Barclays upped their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their target price for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Wells Fargo & Company upped their price target 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. Finally, Morgan Stanley boosted their price objective on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus target price of $144.73.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value 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 $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 39.34% of the company's stock.

About KKR & Co. Inc.

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.