Sciencast Management LP Sells 10,147 Shares of KKR & Co. Inc. (NYSE:KKR)

Sciencast Management LP lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 54.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,648 shares of the asset manager’s stock after selling 10,147 shares during the period. Sciencast Management LP’s holdings in KKR & Co. Inc. were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisor Resource Council purchased a new position in shares of KKR & Co. Inc. during the 1st quarter valued at $1,001,000. Wealth Enhancement Advisory Services LLC increased its stake in KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock worth $14,444,000 after acquiring an additional 111,881 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $3,932,000. Wellington Management Group LLP boosted its position in shares of KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after acquiring an additional 11,134,363 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of KKR & Co. Inc. by 184.6% during the fourth quarter. Virtu Financial LLC now owns 46,521 shares of the asset manager’s stock worth $3,854,000 after purchasing an additional 30,173 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 1.7 %

NYSE:KKR traded up $1.89 during midday trading on Friday, hitting $110.74. The stock had a trading volume of 2,828,166 shares, compared to its average volume of 5,025,726. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $113.91. The stock has a 50-day moving average of $105.21 and a 200 day moving average of $97.04. The company has a market capitalization of $98.27 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 0.94 and a beta of 1.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The company had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 4.1 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a $0.175 dividend. The ex-dividend date was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.63%. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the acquisition, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction dated 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 sale, 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. 39.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KKR shares. Jefferies Financial Group lowered their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $116.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday. TD Cowen cut their target price on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Monday. Barclays raised their price target on KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, JMP Securities upped their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $100.07.

KKR & Co. Inc. 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.