Beach Investment Counsel Inc. PA Cuts Stake in KKR & Co. Inc. (NYSE:KKR)

Beach Investment Counsel Inc. PA lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,600 shares of the asset manager’s stock after selling 1,500 shares during the period. Beach Investment Counsel Inc. PA’s holdings in KKR & Co. Inc. were worth $5,272,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Tallon Kerry Patrick bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $207,000. Brighton Jones LLC raised its stake in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares during the period. Mather Group LLC. lifted its holdings in KKR & Co. Inc. by 7.9% during the fourth quarter. Mather Group LLC. now owns 1,064 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 78 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in KKR & Co. Inc. by 116.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 11,184 shares of the asset manager’s stock valued at $1,654,000 after purchasing an additional 6,015 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in KKR & Co. Inc. by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,389,891 shares of the asset manager’s stock worth $205,579,000 after purchasing an additional 16,574 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman George R. Roberts sold 1,190,094 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the sale, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Henry R. Kravis sold 130,925 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the transaction, the chairman now owns 73,006,022 shares of the company’s stock, valued at $8,882,642,696.74. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,471,488 shares of company stock valued at $501,529,092 in the last quarter. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $123.46 on Friday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business has a 50-day simple moving average of $113.54 and a 200 day simple moving average of $132.77. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $109.96 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 1.00 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company posted $0.97 EPS. The company’s revenue for the quarter was down 67.8% on a year-over-year basis. On average, research 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 was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.185 dividend. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.22%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KKR shares. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, May 23rd. Citigroup lowered their target price 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. Barclays raised their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. TD Cowen reduced their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. One investment 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. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Buy” and an average target price of $149.43.

KKR & Co. Inc. Company Profile

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.