Concentric Capital Strategies LP Sells 17,318 Shares of KKR & Co. Inc. (NYSE:KKR)

Concentric Capital Strategies LP cut its stake in KKR & Co. Inc. (NYSE:KKR) by 51.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,198 shares of the asset manager’s stock after selling 17,318 shares during the period. Concentric Capital Strategies LP’s holdings in KKR & Co. Inc. were worth $2,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. Farmers & Merchants Investments Inc. grew its position in KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after buying an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after purchasing an additional 69 shares in the last quarter. Ballentine Partners LLC increased its position in shares of KKR & Co. Inc. by 1.2% during the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after purchasing an additional 70 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after purchasing an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after purchasing an additional 73 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 2.3 %

Shares of NYSE KKR opened at $116.26 on Thursday. 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 moving average of $111.37 and a two-hundred day moving average of $136.46. The company has a market cap of $103.27 billion, a PE ratio of 34.91, a P/E/G 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. (NYSE:KKR) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a $0.185 dividend. This represents a yield of 0.64%. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.22%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several analyst reports. Citigroup lowered their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target 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. Hsbc Global Res raised KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. Morgan Stanley increased their target price on KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Barclays boosted their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.73.

About KKR & Co. Inc.

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.