Janus Henderson Group PLC Lowers Position in KKR & Co. Inc. (NYSE:KKR)

Janus Henderson Group PLC decreased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,483 shares of the asset manager's stock after selling 4,870 shares during the period. Janus Henderson Group PLC's holdings in KKR & Co. Inc. were worth $13,099,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brookstone Capital Management purchased a new stake in KKR & Co. Inc. in the 4th quarter worth about $335,000. Miracle Mile Advisors LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at $219,000. AdvisorNet Financial Inc grew its position in KKR & Co. Inc. by 417.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after acquiring an additional 1,759 shares during the last quarter. Park Avenue Securities LLC increased its stake in KKR & Co. Inc. by 44.6% in the fourth quarter. Park Avenue Securities LLC now owns 22,868 shares of the asset manager's stock worth $3,382,000 after purchasing an additional 7,058 shares during the period. Finally, Gateway Investment Advisers LLC lifted its position in shares of KKR & Co. Inc. by 4.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 51,788 shares of the asset manager's stock worth $7,660,000 after purchasing an additional 2,169 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on KKR shares. Wells Fargo & Company raised 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 note on Friday, May 2nd. TD Cowen reduced their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Bank of America dropped their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Finally, Keefe, Bruyette & Woods upped their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Buy" and a consensus target price of $149.14.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider now owns 13,260,971 shares in the company, valued at $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Scully bought 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director now owns 13,250 shares of the company's stock, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 1.2%

Shares of KKR & Co. Inc. stock traded down $1.45 during trading on Tuesday, reaching $124.04. The company's stock had a trading volume of 3,086,783 shares, compared to its average volume of 5,004,965. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a 50-day simple moving average of $112.44 and a two-hundred day simple moving average of $135.54. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $110.48 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 1.00 and a beta of 1.91.

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, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion for 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 for the quarter was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend 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. 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.