Teton Advisors Inc. Sells 10,500 Shares of KKR & Co. Inc. (NYSE:KKR)

Teton Advisors Inc. trimmed its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 17.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the asset manager's stock after selling 10,500 shares during the quarter. KKR & Co. Inc. makes up approximately 1.4% of Teton Advisors Inc.'s holdings, making the stock its 16th biggest position. Teton Advisors Inc.'s holdings in KKR & Co. Inc. were worth $4,142,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $649,798,000. Winslow Capital Management LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $344,354,000. Wellington Management Group LLP increased its position in 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 worth $312,469,000 after purchasing an additional 3,794,837 shares during the last quarter. Capital International Investors raised its stake in KKR & Co. Inc. by 1.9% during the fourth quarter. Capital International Investors now owns 42,808,786 shares of the asset manager's stock valued at $3,546,708,000 after purchasing an additional 805,122 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager's stock valued at $2,460,381,000 after purchasing an additional 475,118 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the business's stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the acquisition, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 0.3 %

KKR traded down $0.31 on Monday, reaching $95.23. 3,229,161 shares of the company traded hands, compared to its average volume of 3,451,890. The company has a market cap of $84.28 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The firm has a fifty day simple moving average of $97.57 and a two-hundred day simple moving average of $83.66.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. As a group, equities research analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. StockNews.com lowered KKR & Co. Inc. from a "hold" rating to a "sell" rating in a report on Wednesday, April 24th. JMP Securities raised their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a "market outperform" rating in a research report on Tuesday, April 9th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Finally, TD Cowen raised their target price on shares of KKR & Co. Inc. to $144.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a 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 $90.64.

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.

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