Rational Advisors Inc. Trims Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Rational Advisors Inc. cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 11.6% during the first quarter, HoldingsChannel.com reports. The fund owned 22,150 shares of the asset manager’s stock after selling 2,900 shares during the quarter. Rational Advisors Inc.’s holdings in KKR & Co. Inc. were worth $2,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $36,000. Finally, Ameriflex Group Inc. purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $46,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Barakett bought 35,000 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the purchase, the director directly owned 185,000 shares in the company, valued at $21,815,200. The trade was a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 in the last quarter. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Bank of America cut their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research note on Friday, April 4th. JMP Securities reduced their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. TD Cowen dropped their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Citigroup lifted their price objective on KKR & Co. Inc. from $132.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.20.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $141.13 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $125.70 billion, a P/E ratio of 59.55, a price-to-earnings-growth ratio of 1.61 and a beta of 1.88. The firm has a 50-day moving average price of $125.56 and a two-hundred day moving average price of $128.60. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business earned $0.97 earnings per share. The company’s quarterly revenue was down 67.8% on a year-over-year basis. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.185 per share. This represents a yield of 0.64%. The ex-dividend date was Monday, May 12th. This is a boost from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is 31.22%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.