KKR & Co. Inc. (NYSE:KKR) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 26.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,162 shares of the asset manager’s stock after selling 1,460 shares during the quarter. EP Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KKR. Blue Trust Inc. increased its holdings 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 acquiring an additional 211 shares during the last quarter. Riverview Trust Co purchased a new position in shares of KKR & Co. Inc. in the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. Missouri Trust & Investment Co increased its holdings in shares of KKR & Co. Inc. by 408.9% in the 4th 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 last quarter. Finally, First United Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $41,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 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 Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Kkr Alternative Assets Llc acquired 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 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 of the company’s stock, valued at approximately $247,641,076.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the transaction, 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.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KKR shares. TD Cowen dropped their price objective on KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Evercore ISI raised their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Barclays raised their price target on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.20.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded up $1.80 during mid-day trading on Friday, reaching $118.51. 3,480,322 shares of the company were exchanged, compared to its average volume of 3,839,762. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $120.14. The firm’s 50-day simple moving average is $108.33 and its two-hundred day simple moving average is $99.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $105.17 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.04 and a beta of 1.62.

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

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. Company 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.