Voss Capital LLC Sells 245,000 Shares of KKR & Co. Inc. (NYSE:KKR)

Voss Capital LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 74.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,000 shares of the asset manager's stock after selling 245,000 shares during the quarter. KKR & Co. Inc. accounts for 0.7% of Voss Capital LLC's portfolio, making the stock its 28th largest holding. Voss Capital LLC's holdings in KKR & Co. Inc. were worth $7,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in KKR & Co. Inc. by 54.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager's stock worth $1,209,457,000 after purchasing an additional 9,192,928 shares during the last quarter. Norges Bank acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $258,688,000. Wellington Management Group LLP raised its stake in shares of KKR & Co. Inc. by 297.0% in the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager's stock valued at $312,469,000 after purchasing an additional 3,794,837 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in KKR & Co. Inc. during the first quarter worth $135,437,000. Finally, Samlyn Capital LLC bought a new stake in KKR & Co. Inc. in the 1st quarter valued at $104,737,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the acquisition, the insider now owns 1,000,687 shares of the company's stock, valued at approximately $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $1.45 during mid-day trading on Monday, hitting $95.84. 3,350,330 shares of the company traded hands, compared to its average volume of 3,427,634. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $84.82 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 0.87 and a beta of 1.61. The business has a 50-day moving average of $97.56 and a 200 day moving average of $81.03. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. As a group, equities analysts expect that KKR & Co. Inc. will post 4.28 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.'s dividend payout ratio is 16.18%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. JMP Securities increased their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a "market outperform" rating in a report on Tuesday, April 9th. Morgan Stanley boosted their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Finally, Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.64.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

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