KKR & Co. Inc. (NYSE:KKR) Position Reduced by OLD National Bancorp IN

OLD National Bancorp IN trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 12.1% during the fourth quarter, HoldingsChannel reports. The fund owned 6,039 shares of the asset manager’s stock after selling 830 shares during the quarter. OLD National Bancorp IN’s holdings in KKR & Co. Inc. were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. AE Wealth Management LLC raised its holdings in shares of KKR & Co. Inc. by 1.2% during the third quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock worth $878,000 after purchasing an additional 168 shares during the period. Global Retirement Partners LLC increased its holdings in shares of KKR & Co. Inc. by 14.2% in the 3rd quarter. Global Retirement Partners LLC now owns 1,812 shares of the asset manager’s stock worth $108,000 after acquiring an additional 226 shares during the period. SG Americas Securities LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $493,000. Exchange Traded Concepts LLC increased its holdings in shares of KKR & Co. Inc. by 14,032.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,957 shares of the asset manager’s stock worth $244,000 after acquiring an additional 3,929 shares during the period. Finally, Coronation Fund Managers Ltd. increased its holdings in shares of KKR & Co. Inc. by 66.2% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 247,459 shares of the asset manager’s stock worth $15,243,000 after acquiring an additional 98,560 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $96.77 on Thursday. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48. 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 50-day moving average of $97.61 and a 200-day moving average of $82.81. The firm has a market cap of $85.64 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 0.90 and a beta of 1.61.

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

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is 16.18%.

Analyst Ratings Changes

A number of analysts recently weighed in on KKR shares. Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Barclays increased their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. TD Cowen increased their price objective on shares of KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, JMP Securities raised 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 research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $90.64.

Insiders Place Their Bets

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

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.