Larson Financial Group LLC Cuts Stake in KKR & Co. Inc. (NYSE:KKR)

Larson Financial Group LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,275 shares of the asset manager’s stock after selling 1,503 shares during the quarter. Larson Financial Group LLC’s holdings in KKR & Co. Inc. were worth $2,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of KKR. Blue Trust Inc. boosted its stake in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. NBC Securities Inc. purchased a new stake in shares of KKR & Co. Inc. during the third quarter valued at approximately $43,000. Naples Money Management LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $43,000. Finally, CVA Family Office LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 2.0 %

KKR traded up $1.86 during trading on Monday, reaching $94.48. The stock had a trading volume of 3,079,761 shares, compared to its average volume of 3,457,795. The stock’s 50 day moving average is $97.55 and its two-hundred day moving average is $82.46. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $83.62 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 0.85 and a beta of 1.61. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. As a group, analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.70%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 16.18%.

Insiders Place Their Bets

In related news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the transaction, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KKR. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Barclays increased their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley upped their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, TD Cowen upped their target price on KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.64.

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.