Concentric Capital Strategies LP Has $2.40 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Concentric Capital Strategies LP decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 51.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,198 shares of the asset manager's stock after selling 17,318 shares during the quarter. Concentric Capital Strategies LP's holdings in KKR & Co. Inc. were worth $2,396,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $36,000. Finally, HM Payson & Co. boosted its position in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after purchasing an additional 272 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Barclays lifted their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Bank of America cut their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Finally, HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $147.00.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $0.77 on Friday, hitting $117.96. 4,073,129 shares of the stock traded hands, compared to its average volume of 5,007,759. The company's fifty day moving average is $111.06 and its 200 day moving average is $136.14. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a market capitalization of $104.78 billion, a PE ratio of 35.42, a PEG ratio of 1.00 and a beta of 1.91.

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 (EPS) for the quarter, beating the consensus estimate 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 company posted $0.97 earnings per share. The company's revenue for the quarter was down 67.8% compared to the same quarter last year. On average, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share 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 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%.

Insider Activity at KKR & Co. Inc.

In other news, Director Robert W. Scully bought 13,250 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm'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 of the company's stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 39.34% of the company's stock.

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.