KKR & Co. Inc. (NYSE:KKR) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC lowered its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 38.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,690 shares of the asset manager's stock after selling 4,789 shares during the period. ProVise Management Group LLC's holdings in KKR & Co. Inc. were worth $773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in KKR. Capital International Investors lifted its position in shares of KKR & Co. Inc. by 1.9% during the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager's stock valued at $3,546,708,000 after acquiring an additional 805,122 shares during the period. Vanguard Group Inc. grew its stake in KKR & Co. Inc. by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager's stock worth $3,452,363,000 after acquiring an additional 1,728,782 shares during the period. Wellington Management Group LLP grew its stake in KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager's stock worth $1,342,742,000 after acquiring an additional 11,134,363 shares during the period. Massachusetts Financial Services Co. MA grew its stake in KKR & Co. Inc. by 3.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager's stock worth $845,324,000 after acquiring an additional 365,449 shares during the period. Finally, Norges Bank purchased a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $649,798,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent analyst reports. Jefferies Financial Group lowered their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a "buy" rating for the company in a research note on Thursday, May 9th. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, June 11th. Barclays lifted their target price on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, July 10th. Finally, JMP Securities lifted their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a "market outperform" rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $101.20.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. 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 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 available at this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the firm's stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded up $0.24 during trading hours on Friday, hitting $115.15. The stock had a trading volume of 2,826,451 shares, compared to its average volume of 4,981,376. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $117.07. 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 capitalization of $102.18 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.02 and a beta of 1.62. The stock's fifty day simple moving average is $106.73 and its 200 day simple moving average is $98.13.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. Sell-side analysts anticipate that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.61%. 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 currently 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.

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