Price T Rowe Associates Inc. MD Decreases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Price T Rowe Associates Inc. MD lowered its holdings in KKR & Co. Inc. (NYSE:KKR) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,421,337 shares of the asset manager’s stock after selling 170,140 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.16% of KKR & Co. Inc. worth $142,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. raised its stake in KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares during the last quarter. Riverview Trust Co bought a new stake in shares of KKR & Co. Inc. in the first quarter worth $27,000. Turtle Creek Wealth Advisors LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $30,000. Missouri Trust & Investment Co lifted its holdings in KKR & Co. Inc. by 408.9% in the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 368 shares during the period. Finally, First United Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $41,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $0.59 during trading hours on Monday, hitting $117.92. The company’s stock had a trading volume of 914,005 shares, compared to its average volume of 4,908,737. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $108.33 and a 200 day moving average of $99.87. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $120.14. The stock has a market cap of $104.64 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.06 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly 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 net margin of 19.38% and a return on equity of 4.52%. The company had revenue of $986.51 million for the quarter, compared to analysts’ expectations of $989.14 million. On average, sell-side analysts forecast that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a dividend of $0.175 per share. 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 dividend on an annualized basis and a dividend yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent research reports. Barclays boosted their target price on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, TD Cowen lowered their price objective on KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.20.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares in the company, valued at $413,501,375.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was 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 directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s 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 transaction, the insider now directly owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Profile

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.