KKR & Co. Inc. (NYSE:KKR) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 81.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,598 shares of the asset manager’s stock after selling 37,923 shares during the quarter. Virtu Financial LLC’s holdings in KKR & Co. Inc. were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the period. Riverview Trust Co acquired a new position in KKR & Co. Inc. in the first quarter worth $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in KKR & Co. Inc. in the fourth quarter worth $30,000. Missouri Trust & Investment Co boosted its holdings in KKR & Co. Inc. by 408.9% in the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after purchasing an additional 368 shares during the period. Finally, First United Bank & Trust acquired a new position in KKR & Co. Inc. in the fourth quarter worth $41,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the 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 owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. Insiders have sold a total of 37,554,644 shares of company stock valued at $1,725,355,039 in the last 90 days. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $108.59 on Friday. The stock’s 50-day moving average price is $109.59 and its two-hundred day moving average price is $100.88. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The company has a market cap of $96.36 billion, a PE ratio of 24.35, a PEG ratio of 1.07 and a beta of 1.62. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). The company had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. On average, analysts predict that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be paid a dividend of $0.175 per share. The ex-dividend date is Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Analyst Ratings Changes

KKR has been the subject of several analyst reports. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.00.

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.