KKR & Co. Inc. (NYSE:KKR) Shares Sold by Fountainhead AM LLC

Fountainhead AM LLC lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,235 shares of the asset manager’s stock after selling 1,494 shares during the quarter. Fountainhead AM LLC’s holdings in KKR & Co. Inc. were worth $517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KKR. Wellington Management Group LLP lifted its holdings in shares of KKR & Co. Inc. by 297.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock valued at $312,469,000 after buying an additional 3,794,837 shares during the period. Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after buying an additional 475,118 shares during the period. Jennison Associates LLC lifted its holdings in shares of KKR & Co. Inc. by 215.5% in the 4th quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager’s stock valued at $28,242,000 after buying an additional 232,821 shares during the period. International Assets Investment Management LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $14,838,000. Finally, Factory Mutual Insurance Co. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $14,084,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $3.53 during midday trading on Tuesday, reaching $98.00. 3,025,256 shares of the company were exchanged, compared to its average volume of 3,452,249. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The stock has a fifty day simple moving average of $97.59 and a 200 day simple moving average of $82.71. The stock has a market cap of $86.73 billion, a P/E ratio of 24.02, a PEG ratio of 0.85 and a beta of 1.61.

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

KKR & Co. Inc. Dividend Announcement

The firm 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. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is presently 16.18%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the stock in a transaction 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 acquisition, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of KKR & Co. Inc. stock in a transaction dated 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 transaction, the insider now owns 429,259 shares in the company, valued at approximately $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

KKR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Wells Fargo & Company upped their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Barclays increased their target price on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, April 8th. JMP Securities upped their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Morgan Stanley upped their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.