CIBC Asset Management Inc Sells 1,455 Shares of KKR & Co. Inc. (NYSE:KKR)

CIBC Asset Management Inc decreased its holdings in KKR & Co. Inc. (NYSE:KKRFree Report) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,314 shares of the asset manager’s stock after selling 1,455 shares during the period. CIBC Asset Management Inc’s holdings in KKR & Co. Inc. were worth $1,766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of KKR. Ramirez Asset Management Inc. purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth $62,000. Vanguard Group Inc. boosted 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 in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $58,000. Wellington Management Group LLP grew its position 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 worth $312,469,000 after buying an additional 3,794,837 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of KKR & Co. Inc. by 11.7% during the 3rd quarter. American Century Companies Inc. now owns 92,950 shares of the asset manager’s stock worth $5,726,000 after acquiring an additional 9,763 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the sale, the insider now directly owns 366,567 shares in the company, valued at approximately $30,557,025.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 purchased at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the purchase, the insider now owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the transaction, the insider now owns 366,567 shares in the company, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 2,814,013 shares of company stock worth $71,428,603 and have sold 48,800,000 shares worth $1,813,406,000. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 1.5 %

Shares of KKR & Co. Inc. stock opened at $97.99 on Friday. The stock has a market cap of $86.96 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.86 and a beta of 1.63. The firm has a fifty day moving average price of $100.00 and a 200 day moving average price of $91.95. KKR & Co. Inc. has a 1 year low of $52.95 and a 1 year high of $108.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The company had revenue of $986.51 million for the quarter, compared to analysts’ expectations of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. Equities research analysts predict that KKR & Co. Inc. will post 4.06 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a $0.175 dividend. The ex-dividend date was Friday, May 10th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 0.71%. KKR & Co. Inc.’s payout ratio is presently 15.70%.

Analyst Ratings Changes

Several brokerages have weighed in on KKR. Barclays lifted their price target on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. TD Cowen reduced their target price on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Finally, JMP Securities increased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.50.

Get Our Latest Stock Report on KKR

About KKR & Co. Inc.

(Free Report)

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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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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