KKR & Co. Inc. (NYSE:KKR) is Brown Advisory Inc.'s 9th Largest Position

Brown Advisory Inc. lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,834,722 shares of the asset manager's stock after selling 422,094 shares during the period. KKR & Co. Inc. accounts for 2.0% of Brown Advisory Inc.'s investment portfolio, making the stock its 9th largest position. Brown Advisory Inc. owned 1.22% of KKR & Co. Inc. worth $1,602,564,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in KKR. Versant Capital Management Inc raised its position in shares of KKR & Co. Inc. by 39.9% during the 4th quarter. Versant Capital Management Inc now owns 494 shares of the asset manager's stock valued at $73,000 after buying an additional 141 shares during the period. GAMMA Investing LLC increased its stake in KKR & Co. Inc. by 10.1% during the fourth quarter. GAMMA Investing LLC now owns 10,595 shares of the asset manager's stock worth $1,567,000 after acquiring an additional 973 shares during the last quarter. Legacy Wealth Management LLC MS raised its position in KKR & Co. Inc. by 5.7% in the fourth quarter. Legacy Wealth Management LLC MS now owns 5,048 shares of the asset manager's stock valued at $747,000 after purchasing an additional 274 shares during the period. CWA Asset Management Group LLC lifted its stake in shares of KKR & Co. Inc. by 9.0% in the 4th quarter. CWA Asset Management Group LLC now owns 15,122 shares of the asset manager's stock valued at $2,237,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $45,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KKR shares. Citigroup reduced 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 report on Tuesday, April 8th. Bank of America decreased their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their target price for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, JMP Securities dropped their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.73.

KKR & Co. Inc. Stock Up 2.3 %

Shares of KKR traded up $2.61 during midday trading on Wednesday, hitting $116.26. The company had a trading volume of 5,239,445 shares, compared to its average volume of 4,983,463. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a market capitalization of $103.27 billion, a P/E ratio of 34.91, a P/E/G ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company's 50-day simple moving average is $111.75 and its 200-day simple moving average is $136.60.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm's quarterly revenue was down 67.8% on a year-over-year basis. As a group, sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.