KKR & Co. Inc. (NYSE:KKR) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 11.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,646 shares of the asset manager’s stock after selling 1,127 shares during the period. Epoch Investment Partners Inc.’s holdings in KKR & Co. Inc. were worth $870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisor Resource Council acquired a new position in KKR & Co. Inc. during the 1st quarter worth approximately $1,001,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of KKR & Co. Inc. by 352.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock worth $14,444,000 after buying an additional 111,881 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $3,932,000. Janney Montgomery Scott LLC lifted its position in shares of KKR & Co. Inc. by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock worth $10,113,000 after buying an additional 6,406 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KKR shares. Jefferies Financial Group reduced their price objective on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $116.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, TD Cowen reduced their price target on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

Insider Transactions at KKR & Co. Inc.

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

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded up $1.80 during trading hours on Friday, reaching $118.51. 3,480,322 shares of the stock were exchanged, compared to its average volume of 3,839,762. The stock has a market cap of $105.17 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.06 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $120.14. The firm’s 50 day moving average is $108.33 and its 200 day moving average is $99.75.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm had revenue of $986.51 million for the quarter, compared to analysts’ expectations of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. Analysts predict that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, May 10th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

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.