Legacy Capital Wealth Partners LLC Lowers Stock Position in KKR & Co. Inc. (NYSE:KKR)

Legacy Capital Wealth Partners LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 28.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,159 shares of the asset manager's stock after selling 12,343 shares during the period. KKR & Co. Inc. makes up 0.7% of Legacy Capital Wealth Partners LLC's investment portfolio, making the stock its 26th biggest position. Legacy Capital Wealth Partners LLC's holdings in KKR & Co. Inc. were worth $2,582,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KKR. Blue Trust Inc. lifted its stake in KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock worth $26,000 after purchasing an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. NBC Securities Inc. bought a new position in shares of KKR & Co. Inc. during the third quarter valued at approximately $43,000. Naples Money Management LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $43,000. Finally, CVA Family Office LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $48,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Up 0.7 %

KKR & Co. Inc. stock traded up $0.67 during trading hours on Friday, hitting $95.54. The company had a trading volume of 1,965,876 shares, compared to its average volume of 3,119,223. The firm has a market cap of $84.55 billion, a P/E ratio of 23.42, a P/E/G ratio of 0.87 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The company has a 50-day moving average price of $97.58 and a two-hundred day moving average price of $83.42.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (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 net margin of 25.74% and a return on equity of 4.21%. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.19 earnings per share for the current 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 issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. KKR & Co. Inc.'s dividend payout ratio is currently 16.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KKR. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. StockNews.com downgraded shares of KKR & Co. Inc. from a "hold" rating to a "sell" rating in a research report on Wednesday. Morgan Stanley lifted their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an "equal weight" rating in a report on Wednesday, January 24th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. Finally, Barclays lifted their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $90.64.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the purchase, the insider now directly owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. 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 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.