KKR & Co. Inc. (NYSE:KKR) Stock Position Cut by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,423 shares of the asset manager’s stock after selling 148 shares during the quarter. Hexagon Capital Partners LLC’s holdings in KKR & Co. Inc. were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. CWA Asset Management Group LLC raised its holdings in KKR & Co. Inc. by 0.9% during the fourth quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock worth $1,020,000 after purchasing an additional 114 shares in the last quarter. E&G Advisors LP lifted its holdings in KKR & Co. Inc. by 1.5% in the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock valued at $723,000 after acquiring an additional 126 shares during the last quarter. Montag A & Associates Inc. lifted its holdings in KKR & Co. Inc. by 4.8% in the 4th quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager’s stock valued at $232,000 after acquiring an additional 128 shares during the last quarter. Cross Staff Investments Inc grew its stake in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock worth $1,617,000 after purchasing an additional 130 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of KKR & Co. Inc. by 0.3% in the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock worth $3,241,000 after purchasing an additional 133 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on KKR shares. Jefferies Financial Group decreased their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Barclays boosted their target price on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. TD Cowen decreased their price target on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $116.00 target price on shares of KKR & Co. Inc. in a report on Friday, June 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.43.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price 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 $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 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 approximately $413,501,375.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price 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 disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 0.7 %

KKR & Co. Inc. stock opened at $104.52 on Tuesday. KKR & Co. Inc. has a 12 month low of $52.95 and a 12 month high of $113.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The stock has a market cap of $92.75 billion, a P/E ratio of 23.43, a P/E/G ratio of 0.92 and a beta of 1.62. The company’s fifty day simple moving average is $103.46 and its 200-day simple moving average is $95.91.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 4.04 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 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.