First Manhattan CO. LLC. Trims Holdings in KKR & Co. Inc. (NYSE:KKR)

First Manhattan CO. LLC. lowered its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,392,141 shares of the asset manager's stock after selling 299,884 shares during the period. KKR & Co. Inc. comprises about 3.7% of First Manhattan CO. LLC.'s investment portfolio, making the stock its 4th biggest holding. First Manhattan CO. LLC. owned approximately 0.94% of KKR & Co. Inc. worth $1,248,299,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Clark Capital Management Group Inc. purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $231,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in KKR & Co. Inc. by 21.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 455,181 shares of the asset manager's stock valued at $67,326,000 after buying an additional 80,359 shares during the period. EP Wealth Advisors LLC boosted its position in KKR & Co. Inc. by 33.7% during the 4th quarter. EP Wealth Advisors LLC now owns 6,409 shares of the asset manager's stock valued at $948,000 after buying an additional 1,614 shares during the period. CoreCap Advisors LLC boosted its position in KKR & Co. Inc. by 160.1% during the 4th quarter. CoreCap Advisors LLC now owns 489 shares of the asset manager's stock valued at $72,000 after buying an additional 301 shares during the period. Finally, Crestline Management LP boosted its position in KKR & Co. Inc. by 216.6% during the 4th quarter. Crestline Management LP now owns 10,329 shares of the asset manager's stock valued at $1,528,000 after buying an additional 7,067 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 6.0%

NYSE:KKR traded up $7.13 on Monday, reaching $125.21. 6,749,428 shares of the stock traded hands, compared to its average volume of 5,014,725. The company has a market capitalization of $111.21 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 1.00 and a beta of 1.91. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company's fifty day simple moving average is $111.06 and its 200 day simple moving average is $136.09.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates 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 was down 67.8% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. Equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared 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 represents a dividend yield of 0.64%. The ex-dividend date is Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. TD Cowen dropped their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Finally, Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.

Insider Activity

In other KKR & Co. Inc. news, Director Robert W. Scully acquired 13,250 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75% decrease in their position. The disclosure for this sale can be found here. 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.