RiverPark Advisors LLC Sells 3,659 Shares of KKR & Co. Inc. (NYSE:KKR)

RiverPark Advisors LLC decreased its position in KKR & Co. Inc. (NYSE:KKR) by 15.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,613 shares of the asset manager’s stock after selling 3,659 shares during the quarter. KKR & Co. Inc. makes up approximately 1.7% of RiverPark Advisors LLC’s portfolio, making the stock its 21st largest holding. RiverPark Advisors LLC’s holdings in KKR & Co. Inc. were worth $2,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Advisor Resource Council bought a new position in shares of KKR & Co. Inc. in the first quarter valued at approximately $1,001,000. Wealth Enhancement Advisory Services LLC raised its position in shares of KKR & Co. Inc. by 352.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after purchasing an additional 111,881 shares during the period. Quadrature Capital Ltd bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $3,932,000. Wellington Management Group LLP raised its position in shares of KKR & Co. Inc. by 219.5% in the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after purchasing an additional 11,134,363 shares during the period. Finally, Virtu Financial LLC increased its position in KKR & Co. Inc. by 184.6% during the fourth quarter. Virtu Financial LLC now owns 46,521 shares of the asset manager’s stock worth $3,854,000 after acquiring an additional 30,173 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the acquisition, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, the insider now owns 9,688,618 shares in the company, valued at $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Price Performance

Shares of KKR traded up $0.53 during trading hours on Tuesday, hitting $105.60. The stock had a trading volume of 2,796,551 shares, compared to its average volume of 5,062,942. The company’s fifty day moving average is $104.44 and its two-hundred day moving average is $96.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $113.91. The stock has a market capitalization of $93.71 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 0.92 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The firm had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. On average, analysts anticipate that KKR & Co. Inc. will post 4.04 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a $0.175 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.66%. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Barclays upped their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Jefferies Financial Group cut their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. JMP Securities upped their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $116.00 target price on shares of KKR & Co. Inc. in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $99.21.

About KKR & Co. Inc.

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.