KKR & Co. Inc. $KKR Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC reduced its position in KKR & Co. Inc. (NYSE:KKR) by 29.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 28,261 shares of the asset manager’s stock after selling 11,740 shares during the quarter. Bleakley Financial Group LLC’s holdings in KKR & Co. Inc. were worth $3,603,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Strive Asset Management LLC acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $535,907,000. Viking Global Investors LP acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $352,038,000. Close Asset Management Ltd lifted its holdings in shares of KKR & Co. Inc. by 4,155.1% during the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock worth $196,845,000 after purchasing an additional 1,479,688 shares during the period. Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock worth $7,657,034,000 after purchasing an additional 821,739 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of KKR & Co. Inc. by 3,981.9% during the fourth quarter. M&T Bank Corp now owns 718,536 shares of the asset manager’s stock worth $91,599,000 after purchasing an additional 700,933 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on KKR. BMO Capital Markets decreased their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. The Goldman Sachs Group decreased their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. TD Cowen decreased their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday, May 18th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada cut their price objective on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.53.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the transaction, the director directly owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This represents a 21.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 23.20% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Up 0.1%

NYSE:KKR opened at $95.09 on Thursday. The stock has a fifty day moving average price of $96.26 and a two-hundred day moving average price of $109.41. The stock has a market capitalization of $85.38 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 0.83 and a beta of 1.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The firm had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.46 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.195 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

KKR & Co. Inc. announced that its Board of Directors has approved a share buyback plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.