International Assets Investment Management LLC Sells 176,790 Shares of KKR & Co. Inc. (NYSE:KKR)

International Assets Investment Management LLC cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 98.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,308 shares of the asset manager’s stock after selling 176,790 shares during the quarter. International Assets Investment Management LLC’s holdings in KKR & Co. Inc. were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. Blue Trust Inc. raised its position in shares of KKR & Co. Inc. by 197.2% in 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 in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Missouri Trust & Investment Co boosted its position in shares of KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after acquiring an additional 368 shares in the last quarter. First United Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $41,000. Finally, Naples Money Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $43,000. 76.26% of the stock is owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $247,641,076.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the transaction, 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 accessible through the SEC website. 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 completion of the sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on KKR shares. Barclays increased their price objective 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. StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $116.00 price objective on shares of KKR & Co. Inc. in a research note on Friday, June 21st. TD Cowen reduced their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, JMP Securities raised their price objective on 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $99.43.

KKR & Co. Inc. Trading Down 1.5 %

Shares of KKR & Co. Inc. stock opened at $105.76 on Thursday. The company’s fifty day simple moving average is $102.54 and its 200-day simple moving average is $95.18. The stock has a market capitalization of $93.85 billion, a PE ratio of 23.71, a P/E/G ratio of 0.94 and a beta of 1.63. KKR & Co. Inc. has a 1-year low of $52.95 and a 1-year high of $113.91. 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. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). The company had revenue of $986.51 million during 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%. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.04 earnings per share for the current 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 issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 10th. This is an increase 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 0.66%. KKR & Co. Inc.’s payout ratio is 15.70%.

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.