KKR & Co. Inc. (NYSE:KKR) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,684 shares of the asset manager’s stock after selling 2,418 shares during the period. Tidal Investments LLC’s holdings in KKR & Co. Inc. were worth $7,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC lifted its position in KKR & Co. Inc. by 44.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager’s stock valued at $1,321,000 after purchasing an additional 2,749 shares during the period. Whalen Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter valued at $667,000. Jupiter Asset Management Ltd. lifted its position in KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager’s stock valued at $16,889,000 after purchasing an additional 38,524 shares during the period. Systematic Alpha Investments LLC acquired a new position in KKR & Co. Inc. during the fourth quarter valued at $423,000. Finally, Schroder Investment Management Group lifted its position in KKR & Co. Inc. by 19.5% during the fourth quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager’s stock valued at $11,884,000 after purchasing an additional 13,065 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research reports. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. JMP Securities decreased their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Citigroup decreased their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Buy” and a consensus target price of $149.14.

KKR & Co. Inc. Stock Down 0.4%

KKR stock opened at $125.44 on Tuesday. The stock has a market capitalization of $111.72 billion, a P/E ratio of 37.67, a P/E/G ratio of 1.00 and a beta of 1.91. The firm has a 50-day simple moving average of $112.44 and a 200-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. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The business 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%. The company’s quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a dividend 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%.

Insider Transactions at KKR & Co. Inc.

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

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.